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FOR IMMEDIATE RELEASE |
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State
Rep. Peter J. Daley |
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House Commerce Committee
approves Daley’s dual-licensing elimination legislation
HARRISBURG, June 8 – A bill sponsored by state Rep. Peter J. Daley, D-Fayette/Washington, that would eliminate a dual-licensing requirement for manufactured housing has been advanced by the House Commerce Committee to the full House for a vote.
Daley explained that when Act 31 of 2009, known as the Mortgage Licensing Act, was enacted to bring Pennsylvania into compliance with the federal SAFE Act, little discussion took place regarding how the new language would affect retailers selling manufactured housing, who were already licensed under the Motor Vehicle Sales Finance Act.
The MVSFA, which has been in place since 1947, licenses entities such as manufactured housing retailers who engage in activities that involve the financing of titled property. But new and expansive definitional changes to the Mortgage Licensing Act now require companies that finance manufactured housing and mobile homes to hold dual licenses.
"This is duplicitous, costly and unfair," said Daley. "My proposed legislation would eliminate the dual-licensing requirement, allowing business licenses to be retained under the MVSFA. Individual licenses, where employees are engaging in Mortgage-Licensing-Act-regulated activity, will be maintained under the act, keeping Pennsylvania in compliance with the SAFE Act."