We build LicensingPath™ by RegulatoryPath™ reports line by line from published agency pages, statutes and rules. Every Verified item carries a source cite and a checked date. Where published sources don't answer a point, the paid report keeps the sourced facts and labels that item “Unpublished, confirm with agency” or “Consult an attorney.” We do not draw a licensing conclusion.
LicensingPath™ by RegulatoryPath™ covers consumer installment licensing for every jurisdiction shown as live at checkout on regulatorypath.app (today: all 50 U.S. states and DC — 51 jurisdictions).
Research and filing preparation only. Not legal advice. Licensing determinations belong to the client's counsel.
The facts below come from our Consumer Discount Company Act research. Each item below is Verified and checked Oct 22, 2026. Fees, entity/capital rules, bonds, filing portal items, rate tables and bank-partner open points stay in the paid report.
Verified · Last checked Oct 22, 2026
No person may engage in Pennsylvania, as principal, employee, agent or broker, in the business of negotiating or making loans or advances of money on credit of $25,000 or less while charging interest, discount, fees or other consideration that in total exceeds what the lender could charge if not licensed under the Act, except a Pennsylvania business corporation that has first obtained a license (§3.A). Holding oneself out as willing or able to arrange or negotiate such loans, or soliciting borrowers for them, counts as engaging in the business unless otherwise permitted by law (§3.B). Under §3.B, referring borrowers to a licensee is not engaging in the business if the person making the referral imposes no charge on the prospective borrower. DoBS: a CDC is “a business corporation that negotiates or makes non-mortgage loans or advances of money on credit.”
Whether any particular program needs that license is for the client's counsel. We do not make that call.
Agency · Verified · Last checked Oct 22, 2026
Pennsylvania Department of Banking and Securities (the Act says “Secretary of Banking”), Harrisburg, PA
Statute · Verified · Last checked Oct 22, 2026
Consumer Discount Company Act, Act of Apr. 8, 1937, P.L. 262, No. 66, as amended (unconsolidated statute). Regulations: 10 Pa. Code ch. 41 (Consumer Discount Companies). License fees: Administrative Code of 1929 §603-A (added by Act 48 of 1981).
Verified · Last checked Oct 22, 2026
Consumer Discount Company (CDC) license. One license per place of business.
Verified · Last checked Oct 22, 2026
§17: the Act “shall not apply to any person, persons, partnership, association or corporation operating under the laws related to banking institutions, building and loan associations, credit unions or licensed under the Small Loans Act ... or licensed by the Secretary of Banking of the Commonwealth of Pennsylvania under the provisions of any other statute.” §17 also places outside the Act bona fide installment sales of personal property by a person regularly engaged in selling it (including conditional sale, lease or bailment contracts), and certain nonprofit corporations of licensed physicians, surgeons and dentists that finance their members' professional services. Whether an applicant qualifies for an exemption under §17 is a question for counsel.
| Free (this page) | Paid LicensingPath™ Pennsylvania report |
|---|---|
| What the CDCA regulates (sourced) | Application, license and renewal fee details |
| DoBS + CDCA cites with checked dates | Entity/capital, bond, portal filing items, timelines |
| License name as published | Rate and service-charge details; bank-partner open points |
| §17 carve-outs named (no applicant call) | Every item labeled Verified, "Unpublished, confirm with agency" or "Consult an attorney" |
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Is this legal advice?
No. Research and filing preparation only. Not legal advice. Licensing determinations belong to the client's counsel.
Which Pennsylvania agency is named in our verified research?
The Department of Banking and Securities (Secretary of Banking in the Act), verified against the agency's own source and last checked Oct 22, 2026.
What statute does our verified research cite?
The Consumer Discount Company Act, Act of Apr. 8, 1937, P.L. 262, No. 66, checked Oct 22, 2026.
Does §17 mean a non-bank installment lender is outside the Act?
We do not apply carve-outs to applicants. Whether an applicant qualifies for an exemption under §17 is a question for counsel.