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PA HB1882

Bill

Official Source

Status

Engrossed

10/28/2025

Primary Sponsor

Brian Munroe

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Amends the definition of "branch manager" to require that branch supervisors must be licensed as mortgage originators under Chapter 61 of Title 7

  • Exempts branch managers from the prelicensing and continuing education requirements that apply to other mortgage originator employees at credit union affiliates/subsidiaries and banking institution affiliates

  • Requires all reverse mortgage contracts and disclosures to use font size no smaller than 16-point

  • Takes effect 60 days after enactment

Legislative Description

In mortgage loan industry licensing and consumer protection, further providing for definitions, for exceptions to license requirements and for general requirements.

Last Action

Referred to Banking & Insurance

11/5/2025

Committee Referrals

Banking & Insurance11/5/2025
Appropriations10/27/2025
Commerce9/26/2025

Full Bill Text

No bill text available