Current through Register Vol. 55, No. 1, January 4, 2025
Section 39.2 - Motor Vehicle Sales Finance Company License(a) An association shall first adopt a mobile home financing plan by proper resolution of its board of directors, which resolution shall authorize the appropriate officers of the association to obtain a Motor Vehicle Sales Finance Company License from the Consumer Credit Bureau, Department of Banking, Education Building, Harrisburg, Pennsylvania 17120.(b) An association shall then apply for and obtain a Motor Vehicle Sales Finance Company License from the Consumer Credit Bureau of the Department of Banking of the Commonwealth. This section cited in 10 Pa.Code § 39.3 (relating to limitations); 10 Pa. Code § 39.4 (relating to inventory financing); and 10 Pa. Code § 39.6 (relating to retail purchase money financing).