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two. Extra facts regarding prepayment penalty. A creditor complies While using the requirement less than § 1026.37(b)(7)(i) to disclose further info indicating the maximum quantity of the prepayment penalty that may be imposed and also the day when the time period for the duration of which the penalty can be imposed terminates utilizing the phras

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The data need not be kept from the place of business enterprise in which supervised loans are created, If your board is offered cost-free use of the data wherever Found. The documents pertaining to any loan, such as the Qualified optimum charge chart in influence at time the loan was designed, needn't be preserved for greater than two several years

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