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For the state of California, the prepayment Penalty amount is 3% of the Loan Amount or $4000 (whichever is greater). For a particular borrower from California, their loan amount is $120,000. What is the prepayment penalty amount?
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Forms Programmer

Interviewed at DocMagic

3.9★
Jun 28, 2025

For the state of California, the prepayment Penalty amount is 3% of the Loan Amount or $4000 (whichever is greater). For a particular borrower from California, their loan amount is $120,000. What is the prepayment penalty amount?

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