41 Pa. Stat. § 402

Current through P.A. Acts 2023-32
Section 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.

41 P.S. § 402

1974, Jan. 30, P.L. 13, No. 6, § 402, imd. effective.