Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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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 § 47.3. Provision of mortgage loan modification counseling to borrowers.

§ 47.3. Provision of mortgage loan modification counseling to borrowers.

 A licensee who wishes to provide mortgage loan modifications for mortgage loans other than those held or serviced by the licensee should do one of the following:

   (1)  Be approved as a counselor by a government agency or employed by a counselor approved by a government agency and follow the rules, regulations, policies and guidelines of the approving government agency.

   (2)  Verify and document that the borrower has received counseling regarding mortgage loan modifications from a counselor approved by a government agency.

Cross References

   This section cited in 10 Pa. Code §  47.5 (relating to improper activities regarding mortgage loan modifications).



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