Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-166. Enforcement of mortgages

Before any residential mortgage lender, as defined by the act of January 30, 1974 (P.L. 13, No. 6),  1 referred to as the Loan Interest and Protection Law, may accelerate the maturity of any residential mortgage obligation as defined by the Loan Interest and Protection Law, commence any legal action including mortgage foreclosure to recover under such obligation, or take possession of any security of the residential mortgage debtor, as defined by the Loan Interest and Protection Law, for such residential mortgage obligation, such person shall give the residential mortgage debtor notice of such intention as provided under section 403  2 of the Loan Interest and Protection Law. A form of notice of intention to foreclose, prescribed by regulations of the Secretary of Banking as provided under section 601  3 of the Loan Interest and Protection Law, shall be interpreted as satisfying the requirements of section 403 of said act.