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7 Pa.C.S. § 6151

Applicability

Known as the Mortgage Licensing Act

The act spans §§ 7-6101 to 7-6154 (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.