2010 Pennsylvania Code
Title 7 - BANKS AND BANKING
Chapter 61 - Mortgage Loan Industry Licensing and Consumer Protection
6132 - License fees.

     § 6132.  License fees.
        (a)  Initial application fees.--Except as set forth in
     subsection (d)(1), an applicant shall pay to the department at
     the time an application is filed an initial nonrefundable
     application fee as set forth under this subsection.
            (1)  For mortgage lenders and mortgage loan
        correspondents, $1,500 for the principal place of business
        and an additional fee of $1,500 for each branch office.
            (2)  For mortgage brokers, $1,000 for the principal place
        of business and an additional fee of $250 for each branch
        office.
            (3)  For mortgage originators, $200.
        (b)  Renewal fees.--Prior to each annual renewal of a
     license, except as set forth in subsection (d)(2), a licensee
     shall pay to the department a nonrefundable license renewal fee
     as set forth under this subsection.
            (1)  For mortgage lenders and mortgage loan
        correspondents, $750 for the principal place of business and
        an additional fee of $750 for each branch office.
            (2)  For mortgage brokers, $500 for the principal place
        of business and an additional fee of $250 for each branch
        office.
            (3)  For mortgage originators, $100.
        (c)  No abatement of fee.--No abatement of a licensee fee
     shall be made if the license is issued for a period of less than
     one year.
        (d)  Exception to mortgage originator license fees.--
            (1)  An applicant shall not be required to pay the fee
        for a mortgage originator license as provided in subsection
        (a) if the applicant is also individually a mortgage lender
        applicant, mortgage loan correspondent applicant or mortgage
        broker applicant.
            (2)  A licensee shall not be required to pay the fee for
        a mortgage originator license as provided in subsection (b)
        if the licensee is also individually a mortgage lender
        licensee, mortgage loan correspondent licensee or mortgage
        broker licensee.
     (Aug. 5, 2009, P.L.117, No.31, eff. imd.)

        2009 Amendment.  Act 31 amended subsecs. (a)(1) and (2) and
     (b) intro. par., (1) and (2) and added subsec. (d).