U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 27, 2025

§ 232.585 - Prepayment privilege and prepayment charge.

The security instrument shall contain a provision permitting prepayment of the loan in whole or in part upon any interest payment date after giving to the lender 30 days' advance written notice and it may contain a provision, with the approval of the Commissioner, for a reasonable charge in the event of prepayment.