Legal Question in Real Estate Law in Colorado

Was this legal?

We refinanced our home, they gave us a two year fixed rate but a three year pre-payment penalty. Was this legal?


Asked on 8/16/07, 11:37 pm

1 Answer from Attorneys
Robert Murillo Pivotal Legal Ltd.

Re: Was this legal?

The answer is likely yes. It is legal if they provided the appropriate disclosures as required under federal law. There is no way to say for sure without reviewing the documents. Good luck.

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Answered on 8/17/07, 12:35 am


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