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Are loans with “early closure/cancellation fees” included as loans with a prepayment penalty on item number 9?

April 26, 2017early closure/cancellation fees included Loans penalty prepayment

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Are loans with “early closure/cancellation fees” included as loans with a prepayment penalty on item number 9?

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No, do not include in item number 9 loans with early closure or cancellation fees or that require payment of the entire month’s interest even when the loan is paid off within that month. This means that you will not include HELOCs or government loans in the loans in item number 9.