Pennsylvania § 6211 General license rules

Pennsylvania Statutes

§ 6211 — General license rules

Pennsylvania·Title 12 COMMERCE AND TRADE·Part PART V·Ch. 62 MOTOR VEHICLE SALES FINANCE·Subch. LICENSES

(a)License required.--The following persons may engage or continue to engage in this Commonwealth as a principal, employee, agent or broker only as authorized in this chapter and under a license issued by the department:

(1)An installment seller.

(2)A sales finance company.

(3)A collector-repossessor.

(b)Term.--

(1)Subject to paragraph (2), unless revoked or suspended under section 6218 (relating to revocation or suspension of license) or otherwise surrendered, a license shall be valid for one year.

(2)A license shall expire on October 1 annually, after the license is initially approved or renewed.

(c)Transfer or assignment.--A license may not be transferred or assigned.

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(a) License required.--The following persons may engage or continue to engage in this Commonwealth as a principal, employee, agent or broker only as authorized in this chapter and under a license issued by the department:

(1) An installment seller.

(2) A sales finance company.

(3) A collector-repossessor.

(b) Term.--

(1) Subject to paragraph (2), unless revoked or suspended under section 6218 (relating to revocation or suspension of license) or otherwise surrendered, a license shall be valid for one year.

(2) A license shall expire on October 1 annually, after the license is initially approved or renewed.

(c) Transfer or assignment.--A license may not be transferred or assigned.

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