§ 402. Discount points prohibited
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 41 P.S. Interest
41 P.S. § 402
§ 402. Discount points prohibited
With the exception of those residential mortgages guaranteed or insured in whole or in part by the Federal Government, or agency thereof, as enumerated in section 302 of this act, and with the exception of any actual settlement costs (but not discount points, as defined in this act) paid by a seller of real estate, it shall be unlawful for a residential mortgage lender to charge to or receive from a seller of real estate directly or indirectly any discount points.
Credits
1974, Jan. 30, P.L. 13, No. 6, § 402, imd. effective.
41 P.S. § 402, PA ST 41 P.S. § 402
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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