Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part IV - Bureau of Consumer Credit Agencies
Chapter 42 - REGISTRATION OF LOAN BROKERS
Section 42.3 - Registration required
Current through Register Vol. 54, No. 12, March 23, 2024
(a) On or after December 20, 1997, a person may not act as a loan broker in this Commonwealth without registering with the Department.
(b) To register as a loan broker, a person shall submit to the Department:
(c) Within 60 days of receipt of a registration application, the Department will do one of the following:
(d) An applicant shall be registered as a loan broker upon the Department's issuance of written notification to the applicant that the applicant has been registered by the Department as a loan broker.
(e) No abatement of the registration fee will be made for any reason, including a loan broker's initial registration period lasting for less than 1 year or the election by a loan broker to cancel its registration prior to the annual renewal date.