EARLY LOAN PAYOFF. 16.1 Notwithstanding AH’s rights under this Agreement, in the event that a Loan is prepaid in full by the borrower within the first six (6) payments, the Broker shall, upon demand by AH, remit payment to AH in an amount that equals the premium paid by AH to Broker at the time of the loan funding plus any applicable prepayment penalties incurred by AH or 1.25% of the original loan amount plus any applicable prepayment penalties incurred by AH, whichever is greater.
Appears in 4 contracts
Samples: Broker Agreement, Broker Agreement, Broker Agreement
