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#621051 - 10/03/06 09:26 PM KS- Prepayment penalty
FC Offline
100 Club
Joined: Feb 2004
Posts: 100
Can a prepayment penalty on a 2nd mortgage be charged in the state of Kansas? Thanks for any help.

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#621052 - 10/06/06 08:12 PM Re: KS- Prepayment penalty
NLC Offline
Gold Star
Joined: Jun 2005
Posts: 287
Center of US
Under Kansas law, no penalty can be assessed for prepaying a "home loan" unless the prepayments is made within the first six months. If the loan is under UCCC then no prepayment is allowed.

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