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In which mortgages can a creditor include a prepayment penalty provision? A) Fixed-rate mortgages B) Adjustable-rate mortgages C) FHA mortgages D) VA mortgages

User Zrr
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A) Fixed-rate mortgages

Step-by-step explanation:

According to the Federal Register, Dodd-Frank Act provisions “generally prohibit prepayment penalties except for certain fixed-rate qualified mortgages where the penalties satisfy certain restrictions and the creditor has offered the consumer an alternative loan without such penalties.” FHA, VA and USDA loans cannot have prepayment penalties.

User Florian F
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