Section 456.513 - Additional requirements(a) Reporting to credit bureaus.--A lender or its servicer shall report at least quarterly both the favorable and unfavorable payment history information of the obligor on payments due to the lender on a covered loan to a nationally recognized consumer credit reporting agency. This subsection shall not prevent a lender or its servicer from agreeing with the obligor not to report payment history information in the event of a resolved or unresolved dispute with an obligor and shall not apply to covered loans held or serviced by a lender for less than 90 days.(b) Verification of broker licensure.--A lender shall verify that each mortgage broker with whom it does business in connection with covered loans holds a license or other authorization currently in effect to do business within this Commonwealth.1989, Dec. 22, P.L. 687, No. 90, § 513, added 2001, June 25, P.L. 621, No. 55, § 8, effective in 1 year.