State rules / Prepayment Penalty Rules
Mississippi prepayment penalty rules
Mississippi permits prepayment penalties on residential first-lien mortgage loans, but only in amounts authorized by Miss. Code Ann. § 75-17-31. No prepayment penalty may be charged for prepayment due to insurance proceeds or refinancing by the same lender.
Source
5 Miss. Code. R. 3-1.7; Miss. Code Ann. § 75-67-129; Miss. Code Ann. § 75-67-243
https://www.law.cornell.edu/regulations/mississippi/5-Miss-Code-R-SS-3-1-7Prepayment Penalty Rules in other states
- Massachusetts prepayment penalty rules
- Michigan prepayment penalty rules
- Minnesota prepayment penalty rules
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- Montana prepayment penalty rules
- Nebraska prepayment penalty rules
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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.