After the first 12 months of a "land sales contract," it is not possible to stop someone from paying the loan off early. This is true for both "land sales contracts" and "trust deed loans." There are limits on how long a lender can punish someone for paying the loan back before the agreed-upon time.
These are questions that the above text answers:
1. What are the limits on early payoff penalties for land sales contracts and trust deed loans?
2. Is it possible to stop someone from paying off a land sales contract early after the first 12 months?
3. Are there any restrictions on early loan payoff for trust deed loans?
5. Are there any penalties for paying off a land sales contract early?
7. Are there any limitations on early loan payoff for trust deed loans?
8. Can a lender prevent someone from paying off a trust deed loan early?
10. Are there any restrictions on early loan payoff for land sales contracts?