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Code · Wisconsin · Chapter 428 — First lien real estate and other mortgage loans

428.207 Prepayment.

89 words·~1 min read·/wi/chapter-428/428-207

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428.207 Prepayment.
(1)A customer may prepay a covered loan at any time without penalty if the payment is made in the context of a refinancing of the covered loan and if the covered loan is held by the refinancing lender. This subsection does not prohibit the servicer of a covered loan from imposing a prepayment penalty, unless the servicer is also the lender and holds the loan at the time of the refinancing.
(2)Any prepayment penalty under this section is subject to all of the following limitations:
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