Pennsylvania Code & Bulletin

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 6342 (October 1, 2022).

10 Pa. Code § 31.1. Maximum principal amount of loans over 80% of fair market value.

§ 31.1. Maximum principal amount of loans over 80% of fair market value.

 (a)  The principal of the obligation on loans in excess of 80% of the fair market value of one family residential property to be encumbered shall not exceed $40,000 provided, however, that there shall be no amount limitation if at least the top 20% of such loan is insured or guaranteed by a mortgage insurance company which has been approved by the Department and licensed by the Insurance Department of the Commonwealth.

 (b)  Such loans shall not exceed 90% of fair market value.


   The provisions of this §  31.1 amended through June 6, 1975, 5 Pa.B. 1452. Immediately preceding text appears at serial page (4103).

Cross References

   The provisions of this section cited in 10 Pa. Code §  31.2 (relating to loans in excess of statutory authorization on one-family residential properties).

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