State rules / Prepayment Penalty Rules
Ohio prepayment penalty rules
Ohio generally permits prepayment penalties on residential first-lien mortgages only within the first five years after execution, capped at 1% of the original principal amount; after five years, no penalty is allowed. For first-lien mortgages under $75,000 (adjusted annually) made or arranged by a mortgage broker, loan officer, or nonbank mortgage lender, no prepayment penalty is permitted at any time.
Prepayment Penalty Rules in other states
- New Jersey prepayment penalty rules
- New Mexico prepayment penalty rules
- New York prepayment penalty rules
- Oklahoma prepayment penalty rules
- Oregon prepayment penalty rules
- Pennsylvania 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.