Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 6137 - Surrender of license — Pennsylvania Law | CourtGPT
  1. Home/
  2. Laws/
  3. Pennsylvania/
  4. Title 7 - Banks and Banking/
  5. Chapter 61 - Mortgage Loan Industry Licensing and Consumer Protectionextra - Chapter Notes/
  6. Section 6137 - Surrender of license
Pennsylvania Legal Code

Section 6137 - Surrender of license

Ask AI about this
Upon satisfying the department that all creditors of a licensee have been paid or that other arrangements satisfactory to the creditors and the department have been made, a licensee may voluntarily surrender its license to the department by providing the department or the Nationwide Mortgage Licensing System and Registry, as determined by the department, written notice that the license is being voluntarily surrendered, but an action by a licensee shall not affect the licensee's civil or criminal liability for acts committed. (July 2, 2013, P.L.210, No.38, eff. 60 days)