Just looked it up Florida passed a law not allowing prepayment penalties.
Under section 494.00791 of the Florida Fair Lending Act, pre-payment penalties on mortgages are no longer allowed. There are a few exceptions to the rule. If the buyer of the home finds a cheaper option that comes without a prepayment fee then the lender may charge the fee only in the first 36 months of the loan agreement. The borrower also has to be given a written disclosure of all benefits they have received to justify the prepayment fee. This written disclosure must be given at least three days prior to the loan beginning.
Read more:
Florida Anti-Predatory Lending Laws | eHow
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