Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part IV - Bureau of Consumer Credit Agencies
Chapter 42 - REGISTRATION OF LOAN BROKERS
Section 42.4 - Annual renewal required
Current through Register Vol. 54, No. 12, March 23, 2024
(a) Annually, the Department will mail to each registered loan broker an application for renewal of the loan broker's registration.
(b) On or before December 1 of each year, a loan broker shall return the following to the Department:
(c) On or before January 15 of each year, the Department will take one of the following actions with regard to renewal applications which it received on or before December 1 of the prior year:
(d) A loan broker who fails to return to the Department by December 1 of each year a completed renewal registration application provided by the Department and payment of a renewal registration fee of $300 will be subject to a late fee of $100 upon submission to the Department of a renewal registration application.
(e) The renewal registration shall be effective from February 1 or upon the Department's issuance of written notification to the applicant that the applicant has been registered by the Department as a loan broker, whichever is later, through January 31 of the following year.