PRINTER'S NO. 3226
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2667
Session of
2022
INTRODUCED BY MERCURI AND RYAN, JUNE 13, 2022
REFERRED TO COMMITTEE ON COMMERCE, JUNE 13, 2022
AN ACT
Amending Title 7 (Banks and Banking) of the Pennsylvania
Consolidated Statutes, in preliminary provisions, further
providing for definitions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "remote location" in section
6102 of Title 7 of the Pennsylvania Consolidated Statutes, added
February 3, 2022 (P.L.24, No.8), is amended to read:
ยง 6102. Definitions.
The following words and phrases when used in this chapter
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Remote location." A location, other than a licensee's
principal place of business or branch, where a mortgage
originator sponsored by the licensee, a person excepted from
this chapter or excepted from licensure under section 6112 or
any other employee of the licensee, may engage in licensed
activities on behalf of the licensee under all of the following
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conditions:
(1) The licensed activities are conducted under the
supervision of the licensee.
(2) The licensee has written policies and procedures for
the supervision of personnel working from the location.
(3) Access to the licensee's platforms and customer
information is conducted in accordance with the licensee's
comprehensive written information security plan.
(4) In-person consumer interaction does not occur at the
remote location if it is his or her personal residence.
[(5) Physical records regarding the licensee's mortgage
loan business are maintained at the location.]
(6) The location is not advertised or represented to
consumers as an operating location of the licensee or the
licensee's employees who work at the location.
(7) The location is not owned or controlled by the
licensee. For the purposes of this definition, a location
shall not be considered owned or controlled by a licensee if
the location is under the control of a subsidiary or
affiliate of the licensee, is primarily used by the
subsidiary or affiliate and is only used by the licensee on
an incidental basis for the convenience of consumers.
* * *
Section 2. This act shall take effect immediately.
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