Skip to main content
Find a Lawyer

Pennsylvania Statutes Title 7 Pa.C.S.A. Banks and Banking § 6132. License fees

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Initial application fees.--Except as set forth in subsections (a.1) and (d)(1), an applicant shall pay to the department at the time an application is filed an initial nonrefundable application fee as set forth under this subsection.

(1) For mortgage lenders, $1,500 for the principal place of business and an additional fee of $1,500 for each branch office.

(2) For mortgage brokers, $1,000 for the principal place of business and an additional fee of $250 for each branch office.

(3) For mortgage originators, $200.

(4) For mortgage servicers, $2,500 for the principal place of business and an additional fee of $1,250 for each branch location.

(a.1) Enhanced initial application fees.--Except as set forth in subsection (d)(1), if in any calendar year there is at least a 20% reduction in the total number of branch licenses that existed in calendar year 2021, an applicant shall pay to the department at the time an application is filed an initial nonrefundable application fee as set forth under this subsection:

(1) For mortgage lenders, $1,725 for the principal place of business and an additional fee of $1,725 for each branch office.

(2) For mortgage brokers, $1,150 for the principal place of business and an additional fee of $300 for each branch office.

(3) For mortgage originators, $225.

(4) For mortgage servicers, $2,875 for the principal place of business and an additional fee of $1,450 for each branch location.

(b) Renewal fees.--Prior to each annual renewal of a license, except as set forth in subsections (b.1) and (d)(2), a licensee shall pay to the department a nonrefundable license renewal fee as set forth under this subsection.

(1) For mortgage lenders, $750 for the principal place of business and an additional fee of $750 for each branch office.

(2) For mortgage brokers, $500 for the principal place of business and an additional fee of $250 for each branch office.

(3) For mortgage originators, $100.

(4) For mortgage servicers, $1,000 for the principal place of business and an additional fee of $500 for each branch location.

(b.1) Enhanced renewal fees.--Prior to each annual renewal of a license, except as set forth in subsection (d)(2), if in any calendar year there is at least a 20% reduction in the total number of branch licenses renewed in calendar year 2021, a licensee shall pay to the department a nonrefundable license renewal fee as set forth under this subsection:

(1) For mortgage lenders, $875 for the principal place of business and an additional fee of $875 for each branch office.

(2) For mortgage brokers, $575 for the principal place of business and an additional fee of $300 for each branch office.

(3) For mortgage originators, $125.

(4) For mortgage servicers, $1,150 for the principal place of business and an additional fee of $575 for each branch location.

(c) No abatement of fee.--No abatement of a licensee fee shall be made if the license is issued for a period of less than one year.

(d) Exception to mortgage originator license fees.--

(1) An applicant shall not be required to pay the fee for a mortgage originator license as provided in subsection (a) or (a.1) if the applicant is also individually a mortgage lender applicant, mortgage servicer applicant or mortgage broker applicant.

(2) A licensee shall not be required to pay the fee for a mortgage originator license as provided in subsection (b) or (b.1) if the licensee is also individually a mortgage lender licensee or mortgage broker licensee.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Pennsylvania Statutes Title 7 Pa.C.S.A. Banks and Banking § 6132. License fees - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-7-pacsa-banks-and-banking/pa-csa-sect-7-6132/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard