First Mortgages

(1) $500 licensing fee

(2) $200 annual enewal fee

(3) Exempt from Surety Bond requirement (as long as collecting no monies or fees in own name prior to closing)

(4) $100,000 Penal Bond (if intend to collect fees in advance to closing)

(5) 6 hrs continuing education every year

(6) Provide both Criminal Record check & National Criminal History record info (including Fingerprint cards)

(7) Experience in Mortgage industry provided in writing

(8) Must have a principal office in state of Pennsylvania, providing phone numbers/records

Second Mortgages

(1) $500 licensing fee

(2) Provide separate application for Second Mortgages

Loan Officer Requirements:

(1) 18 years of age

(2) Criminal background check

(3) Credit check

(4) Tax certification: applicants are required to provide a certified memorandum indicating all tax obligations to the Commonwealth of Pennsylvania have been paid or that a deferred payment plan (with the Pennsylvania Department of Revenue) has been made.

(5) Education & Testing (starting 12/31/09) 

Contact Information:

Bureau of Licensing and Consumer Compliance of the Pennsylvania Department of Banking

17 N Second Street, Suite 1300

Harrisburg, PA 17101-2290

Toll Free Phone: 800.722.2657

Phone: 717.787.2665

TDD: 800.679.5070

Fax: 717.787.8773

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Website: www.banking.state.pa.us

Map of Bureau of Licensing and Consumer Compliance of the Pennsylvania Department of Banking: