(a) Name and changes to name.--A licensee cannot transact any business under this chapter under any other name or names except those names designated in its license. A mortgage originator may not use any other name other than the mortgage originator's personal legal name. A licensee that changes its name or place or places of business shall notify the department or the Nationwide Mortgage Licensing System and Registry, as determined by the department, within ten days of the change.
(b) Other businesses.--A licensee cannot conduct a business other than the mortgage loan business licensed by the department under this chapter without at least 30 days' prior written notification to the department.
(July 2, 2013, P.L.210, No.38, eff. 60 days)
2013 Amendment. Act 38 amended subsec. (a).
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 61 - Mortgage Loan Industry Licensing and Consumer Protection
Section 6101 - Scope and short title
Section 6111 - License requirements
Section 6112 - Exceptions to license requirements
Section 6121 - General requirements
Section 6122 - Powers conferred on certain licensees engaged in the mortgage loan business
Section 6123 - Mortgage loan business prohibitions
Section 6124 - Prohibited clauses in mortgage loan documents
Section 6125 - Mortgage lending authority
Section 6126 - Requirements as to open-end loans
Section 6131 - Application for license
Section 6131.1 - Prelicensing and continuing education
Section 6133 - Issuance of license
Section 6134 - License duration
Section 6135 - Licensee requirements
Section 6136 - Licensee limitations
Section 6137 - Surrender of license
Section 6138 - Authority of department
Section 6139 - Suspension, revocation or refusal
Section 6141 - Mortgage servicers
Section 6152 - Relationship to other laws
Section 6153 - Preservation of existing contracts
Section 6154 - Procedure for determination of noncompliance with Federal law (Repealed)