Pennsylvania Department of Banking Code - Title 10 Banks & Banking

Section 46.2

Deputy Secretary’s Letter announces that Pennsylvania one-page mortgage disclosure is no longer required to be issued by mortgage licensees.

Requirement for Full-time Branch Office Manager
Letter states that each branch location of a CDCA licensee is required to have a designated full-time office manager that meets the character and fitness test of Section 12 of the CDCA.

Sale of CDCA Loans to Non-licensed Entity
Letter approves the sale of CDCA loans to non-licensed entity.

Section 322

Extensions of Credit to Individuals, Partnerships and Unincorporated Association
Letter states that up-front waiver feature and reimbursement after closing feature do not constitute prepayment penalties under Section 322 of the Banking Code.