Pennsylvania Code & Bulletin

• No statutes or acts will be found at this website.

The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 1806 (March 30, 2024).

10 Pa. Code § 47.4. Options other than licensee mortgage loan modification.

§ 47.4. Options other than licensee mortgage loan modification.

 Prior to contracting with a borrower to perform a mortgage loan modification, a licensee should inform the borrower of other appropriate options to resolve a delinquent mortgage loan, which may include:

   (1)  Repayment of the mortgage loan according to the contracted terms.

   (2)  A self-negotiated mortgage loan modification.

   (3)  Sale of the property which is collateral for the mortgage loan.

   (4)  Filing for personal bankruptcy.

No part of the information on this site may be reproduced for profit or sold for profit.

This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.