Avoid Pitfalls in Prepayment Penalty Rules for LLC Borrowers
Lenders face heightened compliance risk as states vary widely. In today’s shifting legal environment, lenders must stay alert to state-specific prepayment penalties (PPP) that may affect their underwriting decisions, especially in loans to LLCs or for business purposes. Some states, like New Jersey, present challenges due to its statutory ambiguity regarding LLCs. Others, including California, [...]


