Section 39.2. Motor Vehicle Sales Finance Company License

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(a) An association shall first adopt a mobile home financing plan by proper resolution of its board of directors, which resolution shall authorize the appropriate officers of the association to obtain a Motor Vehicle Sales Finance Company License from the Consumer Credit Bureau, Department of Banking, Education Building, Harrisburg, Pennsylvania 17120.
(b) An association shall then apply for and obtain a Motor Vehicle Sales Finance Company License from the Consumer Credit Bureau of the Department of Banking of the Commonwealth.

Notation

Cross References

This section cited in 10 Pa. Code § 39.3 (relating to limitations); 10 Pa. Code § 39.4 (relating to inventory financing); and 10 Pa. Code § 39.6 (relating to retail purchase money financing).

                    
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