Pennsylvania § 6137 Surrender of license

Pennsylvania Statutes

§ 6137 — Surrender of license

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

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.

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