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§ 2412. Limitations on license

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 63 P.S. Professions and Occupations (State Licensed)Effective: February 6, 2009

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 63 P.S. Professions and Occupations (State Licensed) (Refs & Annos)
Chapter 39. Debt Management Services Act (Refs & Annos)
Effective: February 6, 2009
63 P.S. § 2412
§ 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 7.1

Credits

2008, Oct. 9, P.L. 1421, No. 117, § 12, effective in 120 days [Feb. 6, 2009].

Footnotes

63 P.S. § 2407.
63 P.S. § 2412, PA ST 63 P.S. § 2412
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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