Notice of Intent to Prepay

Notice of Intent to Prepay

Notice of Intent to Prepay refers to the advance notice that Borrowers on Mortgages insured before August 2, 1985, must provide in order to prepay their FHA-insured Mortgages in full without penalty. Notice of Material Event the information provided by the Mortgagee at application as evidence of approval eligibility, or a change that affects the Mortgagee’s standing as an FHA-approved Mortgagee. Obligor and Interest (P&I) payments on a debt.