GroundRules
7 Pa.C.S. § 6124: Prohibited clauses in mortgage loan documents.
Where this section sits in the code
- Title 7 - BANKS AND BANKING
- PART II LICENSING
- CHAPTER 61 MORTGAGE LOAN INDUSTRY LICENSING AND CONSUMER PROTECTION
- SUBCHAPTER C MORTGAGE LOAN BUSINESS RESTRICTIONS AND REQUIREMENTS
No writing of any kind executed in connection with a mortgage loan shall contain:
(1) An agreement whereby the consumer waives any rights accruing to the consumer under the provisions of this chapter.
(2) An irrevocable wage assignment of, or order for the payment of, any salary, wages, commissions or any other compensation for services, or any part thereof, earned or to be earned.
(3) An agreement to pay any amount other than the unpaid balance of the mortgage loan agreement or promissory note or any other charge authorized by this chapter.
Collected 2026-09-02T16:30:33Z. Source file · JSON