A01018
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
512
Session of
2021
INTRODUCED BY DeLUCA, HILL-EVANS, SANCHEZ, KINSEY, NEILSON,
FREEMAN, DRISCOLL AND PISCIOTTANO, FEBRUARY 11, 2021
REFERRED TO COMMITTEE ON COMMERCE, FEBRUARY 11, 2021
AN ACT
Amending Title 7 (Banks and Banking) of the Pennsylvania
Consolidated Statutes, in mortgage loan industry licensing
and consumer protection, further providing for general
requirements.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 6121 of Title 7 of the Pennsylvania
Consolidated Statutes is amended by adding a paragraph to read:
ยง 6121. General requirements.
A licensee shall do all of the following:
* * *
(16) Ensure that font size on all reverse mortgage
contracts and disclosures is no smaller than 24-point 16-
point .
Section 2. This act shall take effect in 60 days.
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