Ohio Announces 2026 Adjusted Threshold for State Prohibition Against Prepayment Penalties

Ohio interest law restricts the amount and period in which prepayment penalties for residential mortgage loans may be charged and prohibits prepayment or refinancing penalties on first-lien residential mortgage loans made or arranged by a mortgage broker, loan officer, or non-bank mortgage lender, which total less than the statutory threshold. This threshold is adjusted each year based on the annual percentage change in the Consumer Price Index (CPI) for all urban consumers, Midwest Region.  See, Ohio Rev. Code § 1343.011(C).

Pennsylvania Base Figure Updated for 2026

Pennsylvania Base Figure Updated for 2026

 

On December 13, 2025, the Pennsylvania Department of Banking and Securities published the annual adjustment to the definition of “base figure” in the Pennsylvania Loan Interest and Protection Law (LIPL). Residential mortgage loans which are less than or equal to the base figure are subject to the LIPL, including its prohibition on prepayment penalties.

 

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