Pennsylvania § 6124 Prohibited clauses in mortgage loan documents

Pennsylvania Statutes

§ 6124 — Prohibited clauses in mortgage loan documents

Pennsylvania § 6124

JurisdictionPennsylvania

Title 7BANKS AND BANKING

PartPART II

Ch. 61MORTGAGE LOAN INDUSTRY LICENSING AND CONSUMER PROTECTION

Subch.MORTGAGE LOAN BUSINESS RESTRICTIONS AND REQUIREMENTS

This text of Pennsylvania § 6124 (Prohibited clauses in mortgage loan documents) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

7 Pa. Cons. Stat. § 6124 (2026).

Text

No writing of any kind executed in connection with a mortgage loan shall contain:

(1)An agreement whereby the consumer waives any rights accruing to the consumer under the provisions of this chapter.

(2)An irrevocable wage assignment of, or order for the payment of, any salary, wages, commissions or any other compensation for services, or any part thereof, earned or to be earned.

(3)An agreement to pay any amount other than the unpaid balance of the mortgage loan agreement or promissory note or any other charge authorized by this chapter.

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No writing of any kind executed in connection with a mortgage loan shall contain:

(1) An agreement whereby the consumer waives any rights accruing to the consumer under the provisions of this chapter.

(2) An irrevocable wage assignment of, or order for the payment of, any salary, wages, commissions or any other compensation for services, or any part thereof, earned or to be earned.

(3) An agreement to pay any amount other than the unpaid balance of the mortgage loan agreement or promissory note or any other charge authorized by this chapter.