2010 Pennsylvania Code
Title 7 - BANKS AND BANKING
Chapter 61 - Mortgage Loan Industry Licensing and Consumer Protection
6134 - License duration.

     § 6134.  License duration.
        A license issued by the department shall be subject to all of
     the following limitations:
            (1)  Be renewed on the licensee's renewal date each year
        upon completion of the requirements of section 6131(h)
        (relating to application for license). No refund of any
        portion of the license fee shall be made if the license is
        voluntarily surrendered to the department or suspended or
        revoked by the department prior to its expiration date.
            (2)  Be invalid if the licensee's authority to conduct
        business is voided under any law of this Commonwealth or any
        other state, unless the licensee demonstrates to the
        satisfaction of the department that the applicable court or
        governmental entity was clearly erroneous in voiding the
        licensee's authority to conduct business.
            (3)  Not be assignable or transferable by operation of
        law or otherwise.