It should be illegal to have prepayment fees for paying a loan off early.
most prepayment penalties only apply if you pay it off early on in the life of the loan. if you pay it off 5% into the life of the loan the bank just wasted time and energy when you could have just gotten a smaller loan or not needed one at all. that's why the payment penalty exists.most places won't charge you any penalty if it's past the 50% mark.
>>58989533anything should be legal within the confines of a contract consented to by knowledgeable parties
That's a thing now?BWHAHAHAHAHAHAHAHAHA IMAGINE BEING AN AMERIMUTT HAHAHA