17-5512a. Agreements prohibiting or restricting prepayment of loans other than home loans.
17-5512a
17-5512a. Agreements prohibiting or restricting prepayment of loans other than home loans. All loans evidenced by notes secured by first real estate mortgages against improvements other than home loans may include in the note and mortgage, a contractual agreement prohibiting or otherwise restricting prepayment for a specified period after the date of the note and mortgage.
History: L. 1977, ch. 79, § 2; July 1.