§ 6211. General license rules.
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§ 6211. General license rules.
(a)License required.-- The following persons may engage or continue to engage in this Commonwealth as a principal, employee, agent or broker only as authorized in this chapter and under a license issued by the department:
(1)An installment seller.
(2)A sales finance company.
(3)A collector-repossessor.
(b)Term.--
(1)Subject to paragraph (2), unless revoked or suspended under section 6218 (relating to revocation or suspension of license) or otherwise surrendered, a license shall be valid for one year.
(2)A license shall expire on October 1 annually, after the license is initially approved or renewed.
(c)Transfer or assignment.-- A license may not be transferred or assigned.
12c6212s