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12 CFR 160.34

§ 160.34 Prepayments.

United States · 12 CFR — Banks and Banking · Status: effective

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12 CFR 160.34, § 160.34 Prepayments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43810
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Full text

Any prepayment on a real estate loan must be applied directly to reduce the principal balance on the loan unless the loan contract or the borrower specifies otherwise. Subject to the terms of the loan contract, a Federal savings association may impose a fee for any prepayment of a loan.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.