?

Log in

No account? Create an account
Zer Netmouse
February 3rd, 2009
07:12 pm

[Link]

Previous Entry Share Flag Next Entry
Do You Believe in Usury?

(58 comments | Leave a comment)

Comments
 
From:sethb
Date:February 4th, 2009 02:51 am (UTC)
(Link)
There should be a time limit on prepayment penalties, perhaps as a function of the loan's length (so a 1-year loan might have a 1-month limit, but a 30-year mortgage could have 2 years). (Otherwise, the lender is just going to charge more upfront to cover the costs and risks of early prepayment, and that's bad for the borrower for several reasons, including taxes.)
Netmouse on the web Powered by LiveJournal.com