10 Pa. Code § 47.4

Current through Register Vol. 54, No. 52, December 28, 2024

Section 47.4 - Options other than licensee mortgage loan modification

Prior to contracting with a borrower to perform a mortgage loan modification, a licensee should inform the borrower of other appropriate options to resolve a delinquent mortgage loan, which may include:

(1) Repayment of the mortgage loan according to the contracted terms.

(2) A self-negotiated mortgage loan modification.

(3) Sale of the property which is collateral for the mortgage loan.

(4) Filing for personal bankruptcy.

10 Pa. Code § 47.4