25 CFR 141.37
§ 141.37 Prepayment.
United States · 25 CFR — Indians · Status: effective
Cite this
- Citation
- 25 CFR 141.37, § 141.37 Prepayment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/105154
- Permanent ID
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Full text
(a) Subject to the provisions of paragraph (b) of this section, the pledgor may prepay in full or in any part the unpaid balance of a loan at any time without penalty.
(b) When a loan is prepaid the lender may collect the earned portion of the finance charge or may charge an administrative fee not to exceed ten percent (10 percent) of the unearned finance charge or two dollars ($2) whichever is greater.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.