House Proceeding 05-07-09 on May 7th, 2009 :: 1:47:15 to 1:48:05
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1:47:07 to 1:47:28( Edit History Discussion )

the interest rate. prepayment penalties are limited in certain circumstances and even prohibited in others. prepayment limit consumers or make partial payments when the consumer has the means and the desire to do so. my amendment as a requirement that the advantages of loan

1:47:29 to 1:47:51( Edit History Discussion )

prepayment also be included in the h.u.d. consumer education guide. i believe it's important to provide prospective borrowers with an explanation of the substantial and positive economic impacts that even modest prepayments during the early years during the loan term may have. having this knowledge will allow

1:47:52 to 1:48:13( Edit History Discussion )

borrowers to weigh the pros and cons before they lose the opportunity to either bargain them out of their loan document or seek out other lending options. i urge my colleagues to support financial literacy as well as the underlying legislation. i reserve the balance of my time. the chair: the gentlewoman