E. Lopez, Other/Just Looking in Broward County, FL

Is there a pre payment penalty for paying off a mortgage in the State of Florida? Is an elevator usually in a 3 story bldg for the 55 person?

Asked by E. Lopez, Broward County, FL Sat Apr 2, 2011

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E,

Pre-payment penalty is an issue associated with the type of lending program you are involved with not state law.

In 1992 ADA instituted regulations for buildings, parking lots, entry ways, counters, rest rooms, elevators, etc for accessibility and usage. Please refer to the following website for some helpful information:


http://.ada/reachingout/lesson13.htm

Hope this is helpful,

Bill
1 vote Thank Flag Link Mon Apr 4, 2011
Whether there is a prepayment penalty depends on the type of mortgage. It is allowable in Florida. Not sure about your elevator question.
0 votes Thank Flag Link Mon Apr 4, 2011
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