Does the Maker have the right to prepay the Note at any time for Caring Senior Service?

According to the 2025 Caring Senior Service Franchise Disclosure Document, the Maker has the right to prepay the outstanding principal balance of the note, in whole or in part, at any time without incurring any premium or penalty. This means a Caring Senior Service franchisee who has executed a note has the flexibility to pay off the debt early if they have the financial means to do so, without being charged extra fees for early repayment.

This voluntary prepayment option provides a financial advantage to the franchisee, allowing them to reduce their debt obligations and potentially save on interest payments over the life of the loan. It also gives the franchisee greater control over their finances, as they are not locked into a rigid repayment schedule and can adjust their payments based on their financial situation.

However, the FDD also states that any amendments or revisions to the note and loan documents must be made in writing and signed by both the maker and the payee. This implies that while the right to prepay exists, any other modifications to the original agreement require mutual consent. Therefore, a franchisee should carefully review the loan documents and understand all terms and conditions, including the prepayment clause, before signing.