An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, in mortgage loan industry licensing and consumer protection, further providing for definitions and for powers conferred on certain licensees engaged in the mortgage loan business; and making repeals.

SB 767 defines "discount points" as fees paid by consumers that directly reduce their mortgage interest rate or time-price differential. It permits mortgage lenders to charge these points alongside interest, origination fees, and delinquency charges. The bill repeals outdated definitions of "discount points" and related provisions from Pennsylvania’s 1974 Loan Interest and Protection Law to align with the new clarity. This directly affects mortgage lenders (by clarifying permissible fees) and consumers (by standardizing fee disclosures).