Finance
Prepayment penalties on New Hampshire mortgages:
AAre required by state law for all conventional loans
BMay be included in loan terms but are regulated and must be disclosed✓ Correct
CAre prohibited on all NH residential mortgages
DOnly apply to commercial real estate loans
Explanation
Prepayment penalties are not automatically prohibited in NH but must be clearly disclosed in the loan documents. Regulations under federal and state law limit or restrict prepayment penalties on certain loan types.
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