Pennsylvania Updates “Base Figure” for 2019

The Pennsylvania Department of Banking and Securities has updated its definition of “base figure” under the Loan Interest and Protection Law. The new base figure for the 2019 year of $256,023 goes into effect on January 1, 2019.

For the full text of Bulletin 6993, please refer to https://www.pabulletin.com/secure/data/vol48/48-44/1703.html.

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Elizabeth Dailey, JD, is a Regulatory Compliance Director with CLA. She is a graduate of the University of New Hampshire and earned her juris doctor at New England Law. She is admitted to the Massachusetts Bar.

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