Legal Question in Real Estate Law in Maryland

Re: commercial prepayment penalty

The behavior of this bank is clearly outrageous, I believe that your best course of action is more likely to be determined by the language of your loan agreement, correspondence, policy statements, etc, or perhaps in some sort of equitable relief. So, although this is the sort of case which comes to us, there is no correct general answer I can give, as your rights and options are likely to be highly subjective due to the fact that this is a commercial loan, and largely guided by your agreement. You should review your individual situation with highly competent counsel immediately.