Opinion ID: 2534320
Heading Depth: 1
Heading Rank: 9

Heading: The District Court's Order Charging Ed's Capital Account with the Prepayment Penalty

Text: Ed next argues that the court erred in charging his capital account with the MetLife prepayment penalty. During one of the final hearings, the dispersing agent testified that a MetLife representative implied the prepayment penalty of $12,867.19 would be waived if the mortgage was paid off early. There was no written evidence of this waiver and the MetLife representative who allegedly agreed to this waiver never testified. There is no indication of consideration having been provided for a waiver or that the waiver was anything more than a gratuitous promise, if that. Moreover, none of the conflicting testimony pinpointed just why the penalty waiver was withdrawn. The decision to charge Ed's capital account was not based on substantial evidence. It, therefore, must be reversed. G.