Pennsylvania § 6137 Surrender of license

Pennsylvania Statutes

§ 6137 — Surrender of license

Pennsylvania § 6137

JurisdictionPennsylvania

Title 7BANKS AND BANKING

PartPART II

Ch. 61MORTGAGE LOAN INDUSTRY LICENSING AND CONSUMER PROTECTION

Subch.ADMINISTRATIVE AND LICENSURE PROVISIONS

This text of Pennsylvania § 6137 (Surrender of license) 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. § 6137 (2026).

Text

Upon satisfying the department that all creditors of a licensee have been paid or that other arrangements satisfactory to the creditors and the department have been made, a licensee may voluntarily surrender its license to the department by providing the department or the Nationwide Mortgage Licensing System and Registry, as determined by the department, written notice that the license is being voluntarily surrendered, but an action by a licensee shall not affect the licensee's civil or criminal liability for acts committed.

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Upon satisfying the department that all creditors of a licensee have been paid or that other arrangements satisfactory to the creditors and the department have been made, a licensee may voluntarily surrender its license to the department by providing the department or the Nationwide Mortgage Licensing System and Registry, as determined by the department, written notice that the license is being voluntarily surrendered, but an action by a licensee shall not affect the licensee's civil or criminal liability for acts committed.