Harrisburg, PA - The Department of Banking and Securities has effectively incorporated the Consumer Financial Protection Bureau's mortgage servicer regulations as required by Act 81 of 2017. The regulations can be found here http://www.dobs.pa.gov/Documents/Statutes/PA%20Modified%20Mortgage%20Servicing%20Rules.pdf.
Applications for licensure as a mortgage servicer will be accepted in the Nationwide Multistate Licensing System (NMLS) beginning April 1, 2018, through June 30, 2018.
Anyone servicing a Pennsylvania mortgage without applying by June 30, 2018, will be considered unlicensed and subject to enforcement action.
Questions about the mortgage servicing license and the license application process can be emailed to firstname.lastname@example.org.
MEDIA CONTACT: Ed Novak - 717-783-4721
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