Prohibiting the assessment of a prepayment penalty against any party more than six months after the execution of a note evidencing a home loan made primarily for personal, family or household purposes secured by a real estate mortgage.

HB 2497 prohibits lenders from charging prepayment penalties on home loans used for personal, family, or household purposes after six months from the loan's start date. It directly affects homeowners who pay off or refinance their mortgages within the first six months of the loan term, preventing lenders from imposing fees for early repayment after that period. The bill amends Kansas law to allow lenders to still collect actual government filing fees and reasonable closing costs, but bans all other prepayment penalties beyond six months. This applies specifically to standard residential mortgages secured by real estate, excluding business or agricultural loans. The law takes effect upon publication in the Kansas statutes.