HI Five-Year Period Consumer Loan Any Any Contracted For Contracted For HAW. REV. STAT. § (West 2012) HI Variable Rate, or Precomputed Consumer Loan Any Any Any Prohibited HAW. REV. STAT. § (West 2012) ID Residential Mortgage Loan Any Any Contracted For Contracted For IDAHO ADMIN. CODE § (2012) ID Regulated Consumer Credit Transaction (Closed-End) Any Any 3 years+ PPP = i6 x <b>6 IDAHO CODE ANN. § (West 2012) ID Regulated Consumer Credit Transaction (Open-End) Any Any 3 years+ ≤ 6 months finance charge at APR in effect at time of prepayment on last 6 billing periods prior to prepayment Prohibited if refinanced or consolidated with same lender IDAHO CODE ANN. § (West 2012) IL Installment Purchase or Mortgaged Loan Interest Rate: >8% per annum Any Any Prohibited 815 ILL. COMP. STAT. ANN. § (West 2012) IL Nonexempt, Residential Mortgage Loan Any Any Earlier of: 3 years+ First change date or rate adjustment 1st 12-month period ≤ 3% total loan amount 2nd 12-month period ≤ 2% of total loan amount 3rd 12-month period ≤ 1% of total loan amount 205 ILL. COMP. STAT. ANN. § , & 815 ILL. COMP. STAT. ANN. § (West 2012) IL High Risk Home Loan Any Any Any Prohibited 815 ILL. COMP. STAT. ANN. § (West 2012) IN First Lien Variable-Rate Mortgage Transaction Any Primary Any Prohibited IND. CODE ANN. § (West 2012) IN Consumer Loan Any Secondary 3 years+ ≤ 2% of amount prepaid after deducting all refunds and rebates as of date of prepayment (must be charged within 60 days) IND. CODE ANN. § (West 2012) IN Variable-Rate Home Loan Any Any Any Prohibited IND. CODE ANN. § (West 2012)
IN Fixed-Rate High Cost Home Loan Any Any 2 years+ ≤ 2% of loan amount prepaid IND. CODE ANN. § (West 2012) IA Loan Any Any Any Prohibited IOWA CODE ANN. § (West 2012) IA Consumer Credit Transaction ≤$25,000 Subordinate None $7.50 IOWA CODE ANN. §§ , & (West 2012) KS Home Loan Any Any 6 months+ Any KAN. STAT. ANN. § (West 2012) KS Consumer Credit Transaction Any Secondary Any Prohibited KAN. STAT. ANN. § (West 2012) KY Mortgage Loan Any Any Earlier of: 3 years+ 60 days prior to first interest rate reset+ ≤3%ob (1st 12-month period) ≤2%ob (2nd 12-month period) ≤1%ob (3rd 12-month period) Prohibited if refinancing with company that funded the mortgage KY. REV. STAT. ANN. § (West 2012) KY High-cost Home Loan $15,000 - $200,000 Any Lesser of: 3 years+ 60 days prior to first interest rate reset+ ≤3%ob (1st 12-month period) ≤2%ob (2nd 12-month period) ≤1%ob (3rd 12-month period) Prohibited if refinancing with company that funded mortgage KY. REV. STAT. ANN. § (West 2012) KY Industrial Loan Company Loan ≤ $7,500 ≤$10,000 Any Any Prohibited KY. REV. STAT. ANN. §§ , & (West 2012) LA Residential Mortgage Loan Any Any 5 years+ ≤5%upb (1st 12-month period) ≤4%upb (2nd 12-month period) ≤3%upb (3rd 12-month period) ≤2%upb (4th 12-month period) ≤1%upb (5th 12-month period) LA. REV. STAT. ANN. §§ , & (West 2012)
MD Open End Credit Plan Any Any Any Prohibited MD. CODE ANN., COM. LAW § (West 2012); Mortgages – Prepayment Fees – Preemptive Effect of Federal Law on State Restrictions, , p. 82-3 (1997) MD Secondary Mortgage Loan Any Any Any Prohibited MD. CODE ANN., COM. LAW § (West 2012) MD Mortgage Loan Any Any Any Prohibited MD. CODE ANN., COM. LAW § (West 2012) MD “Other” Loan Any Any 3 years+ PPP = aDi2:aGGa:PP12 > ⅓oL MD. CODE ANN., COM. LAW § (West 2012) MD Commercial Loan ≤$15,000 Any 3 years+ PPP = aDi2:aGGa:PP12 > ⅓oL MD. CODE ANN., COM. LAW § (West 2012) MA Mortgage Note, excluding HELOCs Any Any 3 years+ Lesser of: Balance of First Year’s Interest, or 3 months’ interest MASS. GEN. LAWS ANN. ch. 183, § (West 2012) MA Mortgage Any Primary Any Prohibited when property seized via eminent domain. MASS. GEN. LAWS ANN. ch. 183, § (West 2012) MA Mortgage on Real Estate >$1,500 Secondary Any Prohibited MASS. GEN. LAWS ANN. ch. 140, § (West 2012) MA High Cost Home Loan Any Any Any Prohibited 209 MASS. CODE REGS. (2012) MI First Lien Note Secured by Real Property Any Primary 3 years+ ≤ 1% of the amount of the prepayment made MICH. COMP. LAWS ANN. § (West 2012)