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Are Prepayment Penalties Allowed on DSCR Loans in Idaho?
#1 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Prepayment Penalty Rules for DSCR Loans in Idaho
Prepayment Penalties are Fully Allowed with no restrictions for DSCR Loans in Idaho. State consumer protection laws, including those under Idaho Code § 28-45-301, apply only to consumer credit transactions — defined as loans made for personal, family, or household purposes. Since DSCR loans are strictly for investment use, they fall outside these restrictions. As such, DSCR Lenders can typically offer all standard prepayment penalty options such as Descending Prepay Penalties (i.e. “3/2/1”), Flat Prepay (i.e. 5/5/5/5/5) or other tailored structures in the Potato State.
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