A licensee who wishes to provide mortgage loan modifications for mortgage loans other than those held or serviced by the licensee should do one of the following:

1. (1) Be approved as a counselor by a government agency or employed by a counselor approved by a government agency and follow the rules, regulations, policies and guidelines of the approving government agency.
2. (2) Verify and document that the borrower has received counseling regarding mortgage loan modifications from a counselor approved by a government agency.

Cross References

This section cited in 10 Pa. Code § 47.5 (relating to improper activities regarding mortgage loan modifications).