2019 US Virgin Islands Code
Title 9 - Banking
Chapter 12 - Home Equity Loans
§ 143. Restrictions on fees, penalties and advertisements
Universal Citation: V.I. Code tit. 9, § 143 (2019)
(a) No fee, penalty or other form of payment may be charged a consumer for prepayment of all or part of the balance of a home equity loan.
(b) No advertisement for a home equity loan may refer to such loan as “free money” or use any other term determined by the Banking Board to be misleading.
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