Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 2412 - Limitations on license(a) Name or address.--A licensee shall not conduct business under this act under a name or at an address different from that contained on the licensee's license. When a licensee changes its name or its business address, it shall notify the department within ten days of the change and the department may issue a new license specifying the licensee's new name or address.(b) Other businesses.--A licensee shall not conduct a business other than the debt management service business licensed by the department under this act unless it notifies the department in writing at least 30 days before beginning to conduct that business.(c) Consumer funds.-- A licensee may not hold money from Pennsylvania consumers, either directly or in any trust, in an amount in excess of the bond required under section 7 .2008, Oct. 9, P.L. 1421, No. 117, §12, effective in 120 days [ 2/6/2009].