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Code · BILL · 116th Congress · H.R. 1810 (Introduced in House) — To provide the legal framework and income tax treatment necessary for the growth of innovative private financing opti... · Sec. 702

Sec. 702. Payments not considered prepayments

54 words·~1 min read·/bill/116/hr/1810/ih/section-702

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With respect to an income-share agreement, any requirement that an individual pay an amount greater than the income-share funding in order to extinguish the income-share agreement obligation earlier than the end of the term shall not be considered a prepayment penalty for purposes of any Federal or State law with respect to prepayment penalties.
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