charging a pay-off penalty when paying off a loan
"123curious" u33499@uwe wrote in message news:70f4271e660da@uwe...
A Healthcare Financial Services company is attempting to charge a
"reservicing fee" if a loan with them is paid off early. They are not
allowed to charge a penalty so are calling it a reservicing fee.
1. Is that legal?
2. Which government agency governs this kind of company?
Not many of us know what a "Healthcare Financial Services
company" might be. Is it an outfit that lends money to pay
only medical bills?
--
Don Phillipson
Carlsbad Springs
(Ottawa, Canada)
|