Pennsylvania Statutes
§ 6151 — Applicability
Pennsylvania·Title 7 BANKS AND BANKING·Part PART II·Ch. 61 MORTGAGE LOAN INDUSTRY LICENSING AND CONSUMER PROTECTION·Subch. MISCELLANEOUS PROVISIONS
The provisions of this chapter shall apply to:
(1)Any mortgage loan which is:
(i)negotiated, offered or otherwise transacted within this Commonwealth, in whole or in part, whether by the ultimate lender or any other person;
(ii)made or executed within this Commonwealth; or
(iii)notwithstanding the place of execution, secured by a dwelling or residential real estate located in this Commonwealth.
(2)Any person who engages in the mortgage loan business in this Commonwealth.
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Legislative History
(July 2, 2013, P.L.210, No.38, eff. 60 days) Cross References.Section 6151 is referred to in section 6112 of this title.
Nearby Sections
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§ 6101
Scope and short title§ 6102
Definitions§ 6111
License requirements§ 6121
General requirements§ 6131
Application for license§ 6132
License fees§ 6133
Issuance of license§ 6134
License duration