Pennsylvania § 6111 - License requirements.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 6111 — License requirements., with citation guidance and answers to common questions.
§ 6111. License requirements.
(a) General rule.--Except as provided under subsections (b) and (c) and section 6112 (relating to exceptions to license requirements), on and after the effective date of this section, no person shall engage in the mortgage loan business in this Commonwealth without being licensed as a mortgage broker, mortgage lender, mortgage servicer or mortgage originator as provided under this chapter. A mortgage originator may not engage in the mortgage loan business unless the mortgage originator is sponsored in the Nationwide Mortgage Licensing System and Registry by a licensed mortgage broker, mortgage lender, mortgage servicer or mortgage loan correspondent, person excepted from this chapter or person excepted from licensure under section 6112 and is under the direct supervision and control of the sponsoring licensee or excepted person.
(b) Licensed activity exceptions.--
(1) A mortgage lender may:
(i) Act as a mortgage broker without a separate mortgage broker license.
(ii) Act as a mortgage servicer without a separate mortgage servicer license for mortgage loans the mortgage lender has originated, negotiated and owns.
(2) (Deleted by amendment).
(3) A person licensed as a mortgage broker may only perform the services of a mortgage broker.
(4) A person only licensed as a mortgage servicer may only perform the services of a mortgage servicer.
(c) Loans for business or commercial purposes.--This chapter shall not apply to mortgage loans made for business or commercial purposes.
(Aug. 5, 2009, P.L.117, No.31, eff. imd.; July 2, 2013, P.L.210, No.38, eff. 60 days; Dec. 22, 2017, P.L.1260, No.81; Feb. 3, 2022, P.L.24, No.8, eff. 60 days)
2022 Amendment. Act 8 amended subsecs. (a) and (b)(1)(i) and deleted subsec. (b)(2).
2017 Amendment. Act 81 amended subsecs. (a) and (b). Section 9(2) of Act 81 provided that the amendment of section 6111 shall take effect upon the effective date of regulations promulgated under section 6141 of this title.
Cross References. Section 6111 is referred to in section 7331 of Title 18 (Crimes and Offenses).
Frequently Asked Questions About Pennsylvania § 6111
What does Pennsylvania Consolidated Statutes § 6111 cover?
Section 6111 ("License requirements.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 6111?
A common citation format is "Pennsylvania Consolidated Statutes § 6111" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 6111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.