Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part IV - Bureau of Consumer Credit Agencies
Chapter 47 - MORTGAGE LOAN MODIFICATIONS-STATEMENT OF POLICY
Section 47.6 - Credit Services Act applicability to mortgage loan modifications
Universal Citation: 10 PA Code ยง 47.6
Current through Register Vol. 54, No. 12, March 23, 2024
A mortgage broker or mortgage originator providing mortgage loan modifications may be considered to be a "credit services organization" as that term is defined in section 2 of the Credit Services Act (73 P. S. § 2182). As such, a mortgage broker or mortgage originator providing mortgage loan modifications should carefully review the Credit Services Act (73 P. S. §§ 2181-2192) and, when appropriate, contact the Pennsylvania Office of Attorney General regarding the Credit Services Act's applicability to mortgage loan modifications.
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