An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, in mortgage loan industry licensing and consumer protection, further providing for definitions and for powers conferred on certain licensees engaged in the mortgage loan business; and making repeals.

HB 1103 updates Pennsylvania's mortgage lending rules under Title 7, focusing on licensing requirements and consumer protections for mortgage lenders. It clarifies definitions for mortgage loan industry terms and specifies the powers that licensed mortgage businesses can exercise. The bill directly affects mortgage lenders (who must comply with revised licensing standards) and borrowers (who gain clearer protections under the updated rules). Key changes include streamlining licensing procedures and strengthening safeguards against predatory lending practices.