Pennsylvania Consolidated & Unconsolidated Statutes
Title 7 - BANKS AND BANKING
Chapter 61 - Mortgage Loan Industry Licensing and Consumer Protection

Extra - Chapter Notes - Enactment. Chapter 61 was added July 8, 2008, P.L.796, No.56,...

Section 6101 - Scope and short title - (a) Scope.--This chapter relates to mortgage loan industry licensing and...

Section 6102 - Definitions - The following words and phrases when used in this chapter...

Section 6111 - License requirements - (a) General rule.--Except as provided under subsections (b) and (c)...

Section 6112 - Exceptions to license requirements - The following persons shall not be required to be licensed...

Section 6121 - General requirements - A licensee shall do all of the following: (1) Comply...

Section 6122 - Powers conferred on certain licensees engaged in the mortgage loan business - (a) Mortgage lenders.--If they are in compliance with the provisions...

Section 6123 - Mortgage loan business prohibitions - (a) Mortgage loan business prohibitions.--A licensee engaging in the mortgage...

Section 6124 - Prohibited clauses in mortgage loan documents - No writing of any kind executed in connection with a...

Section 6125 - Mortgage lending authority - (a) First mortgage loans.--Mortgage lenders engaged in the first mortgage...

Section 6126 - Requirements as to open-end loans - The following shall apply: (1) A mortgage lender may make...

Section 6131 - Application for license - (a) Contents.--An application for a license under this chapter shall...

Section 6131.1 - Prelicensing and continuing education - (a) General requirements.-- (1) Applicants shall complete prelicensing education required...

Section 6132 - License fees - (a) Initial application fees.--Except as set forth in subsections (a.1)...

Section 6133 - Issuance of license - § 6133. Issuance of license. (a) Time limit.--Within 60 days...

Section 6134 - License duration - § 6134. License duration. A license issued by the department...

Section 6135 - Licensee requirements - (a) Requirements of licensee.-- (1) (Deleted by amendment). (2) Each...

Section 6136 - Licensee limitations - (a) Name and changes to name.--A licensee cannot transact any...

Section 6137 - Surrender of license - Upon satisfying the department that all creditors of a licensee...

Section 6138 - Authority of department - (a) General authority.--The department shall have the authority to: (1)...

Section 6139 - Suspension, revocation or refusal - (a) Departmental action.--The department may suspend, revoke or refuse to...

Section 6140 - Penalties - (a) Persons operating without licenses.--A person subject to the provisions...

Section 6141 - Mortgage servicers - (a) Regulatory coordination.--In order to implement this chapter as applicable...

Section 6151 - Applicability - The provisions of this chapter shall apply to: (1) Any...

Section 6152 - Relationship to other laws - § 6152. Relationship to other laws. The following apply: (1)...

Section 6153 - Preservation of existing contracts - § 6153. Preservation of existing contracts. Nothing contained in this...

Section 6154 - Procedure for determination of noncompliance with Federal law (Repealed) - 2013 Repeal. Section 6154 was repealed July 2, 2013, P.L.210,...