Sec. 124.152. CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY. A credit union may require a partial prepayment that is made on a loan secured by a lien or mortgage on or other type of security interest in real property to be made: (1) on the date monthly installments are due; and (2) in the amount of that part of one or more monthly installments that would be applicable to principal.
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