State rules / Prepayment Penalty Rules

Virginia prepayment penalty rules

Prepayment penalties are permitted on loans secured by a home occupied by the borrower, but the penalty cannot exceed 2% of the prepayment amount. There is no specified time limit for the penalty period.

Prepayment Penalty Rules in other 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.

Stop missing the rule that costs you a loan.