Skyles v. Burge

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that a relevant statute on prepayment penalties establishes a maximum allowable prepayment penalty when the note is silent and grants the right to prepay without penalty after five years
• suggesting also that the rule should not apply in residential mortgages when principal and interest to maturity are tendered
• if note expressly prohibits prepayment, but mortgagor can provide mortgagee with full benefit of the bargain under the terms of the note, allowing prepayment is consistent with policy against restraints on alienation

Source: CourtListener parenthetical corpus (CC0).