Section 6213 – Bond
§ 6213. Bond. (a) Bond required.–A bond shall accompany each license application for a sales finance company and collector-repossessor. (b) Form.–The bond shall be in the form prescribed by the department. (c) Amount.– (1) A bond for a sales finance company shall be in the amount of $10,000. (2) A bond for a collector-repossessor shall […]
Section 6214 – License fees
§ 6214. License fees. (a) Amount.–A license application shall be accompanied by a license fee as set forth in section 603-A of the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929. (b) Abatement.–No abatement in the amount of the license fee shall be made if the license is: (1) […]
Section 6215 – License certificate
§ 6215. License certificate. (a) Issuance.–If the department approves an applicant’s license application, it shall issue to the applicant a license certificate showing the name and address of the person authorized to do business under the license. (b) Public inspection.– (1) An installment seller and a sales finance company shall post the license certificate in […]
Section 6216 – License renewal
§ 6216. License renewal. An application for a license renewal shall have the following characteristics: (1) The application shall be in writing, under oath and in the form prescribed by the department. (2) The application shall be filed at least 15 days prior to October 1. (3) The application shall include an update of the […]
Section 6217 – Refusal to issue license or license renewal
§ 6217. Refusal to issue license or license renewal. (a) Discretionary refusal.–Subject to subsection (b), the department may refuse to issue a license or renew a license because of any of the following: (1) The applicant has made a material misstatement in the application for license or license renewal. (2) The existence of any of […]
Section 6218 – Revocation or suspension of license
§ 6218. Revocation or suspension of license. (a) Grounds.–Upon notice under subsection (b), the department may revoke or suspend a license if it discovers a fact or condition that, had it existed or been discovered at the time of filing of any license application, would have warranted disapproval of the application or if it finds […]
Section 6219 – Multiple places of business
§ 6219. Multiple places of business. (a) License application.–A separate license application under section 6212 (relating to initial license application) shall be filed for each place of business conducted by or to be established by a licensee within this Commonwealth. (b) Bond.–A bond under section 6213 (relating to bond) shall be filed for each place […]
Section 6211 – General license rules
§ 6211. General license rules. (a) License required.–The following persons may engage or continue to engage in this Commonwealth as a principal, employee, agent or broker only as authorized in this chapter and under a license issued by the department: (1) An installment seller. (2) A sales finance company. (3) A collector-repossessor. (b) Term.– (1) […]
Section 6212 – Initial license application
§ 6212. Initial license application. (a) General rule.–An initial license application shall be in writing, under oath and in the form prescribed by the department. (b) Contents.–An initial license application shall contain the following: (1) The name under which the business is conducted. (2) The physical street address of the place of business. (3) The […]