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COMMONWEALTH OF PENNSYLVANIA

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PA Bulletin, Doc. No. 11-1223

NOTICES

DEPARTMENT OF BANKING

Notice Regarding Mortgage Licensing Act Licensee Record Retention Period

[41 Pa.B. 3992]
[Saturday, July 23, 2011]

 Section 6135(a)(2) of the Mortgage Licensing Act (7 Pa.C.S. § 6135(a)(2)) provides that all Mortgage Licensing Act licensee records ''shall be preserved and kept available for investigation or examination by the department for a period determined by the department.'' The Department of Banking has determined that the period for preserving records by licensees under Section 6135(a)(2) of the Mortgage Licensing Act is a minimum of four (4) years. The Department reserves the right to require a licensee to preserve records for a longer period if circumstances should warrant.

GLENN E. MOYER, 
Secretary

[Pa.B. Doc. No. 11-1223. Filed for public inspection July 22, 2011, 9:00 a.m.]


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