State rules / Prepayment Penalty Rules
Maryland prepayment penalty rules
Maryland prohibits prepayment penalties on residential first-lien mortgage loans. Under Md. Code Com. Law § 12-105(d), a lender may not require or authorize any penalty for prepayment of a mortgage loan, which includes first-lien residential loans.
Prepayment Penalty Rules in other states
- Kentucky prepayment penalty rules
- Louisiana prepayment penalty rules
- Maine prepayment penalty rules
- Massachusetts prepayment penalty rules
- Michigan prepayment penalty rules
- Minnesota prepayment penalty rules
- Compare all 44 states
Researched and verified against primary sources by AI, with the controlling citation above. Not human-reviewed and not legal advice — confirm against the cited source before relying on it. Last updated July 5, 2026.