Prepayment Penalty. With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.
Prepayment Penalty. With respect to each Mortgage Loan, the penalty if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.
Prepayment Penalty. With respect to each Mortgage Loan, the fee, if any, payable upon the prepayment, in whole or in part, of such Mortgage Loan, as set forth in the related Mortgage Note.
Examples of Prepayment Penalty in a sentence
If the Borrower makes a payment prior to the Due Date, there shall be: (check one) ☐ – A Prepayment Penalty.
Prepayment Select And Complete Item 18 Or Select Item 21 (18) Prepayment Penalty.
In the latter case the Customer shall not pay the Prepayment Penalty.
The Ameriquest Parties shall reimburse a consumer for any Prepayment Penalty paid by that consumer if the existence of the penalty was not timely and fully disclosed.
If the Debtor makes a payment prior to the Due Date, there shall be: (check one) ☐ – A Prepayment Penalty.
More Definitions of Prepayment Penalty
Prepayment Penalty. Any prepayment premium, penalty or charge collected by the Servicer with respect to a Mortgage Loan from a Mortgagor in connection with any Principal Prepayment pursuant to the terms of such Mortgage Loan.
Prepayment Penalty. As to a Mortgage Loan, any penalty payable by a Mortgagor in connection with certain partial prepayments and all prepayments in full made within the related Prepayment Penalty Period, the Prepayment Penalties with respect to each applicable Mortgage Loan so held by the Trust Fund being identified in the Prepayment Penalty Schedule.
Prepayment Penalty shall have the meaning given to it in Section 2.1(d) hereof.
Prepayment Penalty. The prepayment charge or penalty interest required to be paid by a Mortgagor as the result of a Principal Prepayment in full of the related Mortgage Loan, not otherwise due thereon in respect of principal or interest, which is intended to be a disincentive to prepayment, as provided in the related Mortgage Note or Mortgage.
Prepayment Penalty. Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.
Prepayment Penalty. Payments calculated pursuant to the Underwriting Guidelines and due on a Mortgage Loan as the result of a Principal Prepayment in full of the Mortgage Loan, not otherwise due thereon in respect of principal or interest, which are intended to be a disincentive to prepayment.
Prepayment Penalty means a charge imposed by a lender