PA HB1103

Adds a statutory definition of "discount points" to Pennsylvania's mortgage loan industry licensing law, defining them as fees knowingly paid by consumers that result in a bona fide reduction of the interest rate or time-price differential on a mortgage

Amends mortgage lender powers to explicitly authorize charging "discount points" as a separate category from general "points," clarifying the distinction between the two fee types

Repeals the existing definition of "discount points" from the 1974 Loan Interest and Protection Law (Act 6) and relocates it to Title 7 of the Pennsylvania Consolidated Statutes

Repeals Section 402 of the Loan Interest and Protection Law as part of consolidating mortgage lending regulations

Takes effect 60 days after enactment