Pennsylvania § 6140 Penalties

Pennsylvania Statutes

§ 6140 — Penalties

Pennsylvania·Title 7 BANKS AND BANKING·Part PART II·Ch. 61 MORTGAGE LOAN INDUSTRY LICENSING AND CONSUMER PROTECTION·Subch. ADMINISTRATIVE AND LICENSURE PROVISIONS

(a)Persons operating without licenses.--A person subject to the provisions of this chapter and not licensed by the department who violates any provision of this chapter or who commits any action which would subject a license to suspension, revocation or nonrenewal under section 6139 (relating to suspension, revocation or refusal) may be fined by the department up to $10,000 for each offense.

(b)Violation by licensee.--A person licensed under this chapter or director, officer, owner, partner, employee, mortgage originator or agent of a licensee who violates a provision of this chapter or who commits any action which would subject the licensee to suspension, revocation or nonrenewal under section 6139 may be fined by the department up to $10,000 for each offense.

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(a) Persons operating without licenses.--A person subject to the provisions of this chapter and not licensed by the department who violates any provision of this chapter or who commits any action which would subject a license to suspension, revocation or nonrenewal under section 6139 (relating to suspension, revocation or refusal) may be fined by the department up to $10,000 for each offense.

(b) Violation by licensee.--A person licensed under this chapter or director, officer, owner, partner, employee, mortgage originator or agent of a licensee who violates a provision of this chapter or who commits any action which would subject the licensee to suspension, revocation or nonrenewal under section 6139 may be fined by the department up to $10,000 for each offense.

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Legislative History

(July 2, 2013, P.L.210, No.38, eff. 60 days) 2013 Amendment.Act 38 amended subsec. (b). Cross References.Section 6140 is referred to in section 6112 of this title.