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Code of Federal Regulations Title 25. Indians § 25.141.37 Prepayment

Current as of January 02, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.141.37 Prepayment - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-141-37/

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