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7 Pa.C.S. § 6151

Applicability

Known as the Mortgage Licensing Act

The act spans §§ 7–7 (26 sections).

(July 2, 2013, P.L.210, No.38, eff. 60 days)

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.

Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.