INTERPRETIVE LETTERS - CREDIT SERVICES ACT
The Department of Banking and Securities uses interpretive letters to provide guidance and clarification of its position on an issue at the time. You should contact your attorney for legal advice regard the Credit Services Act - 73 P.S. § 2181 et seq.
Section 2 - Definitions
06/15/07
Registration RequiredLetter states that registration as a loan broker required if home improvement contractor advertises or markets its ability to obtain third-party financing for a consumer, regardless of whether the contractor receives any compensation.
Section 8 - Restrictions on Loan Brokers
06/15/07
Registration RequiredLetter states that registration as a loan broker required if home improvement contractor advertises or markets its ability to obtain third-party financing for a consumer, regardless of whether the contractor receives any compensation.