Prepayment penalties are unjustifiable because they penalize borrowers for paying off their debt, which is a behavior that lenders typically encourage.

Authors

• Person: Not available Organization: U.S. House of Representatives, Committee on Banking and Financial Services
  Predatory Lending Practices - House.gov

Sources

• Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services via serper

Referenced by nodes (1)

• prepayment penalties concept