7 Pa. Code § 138d.13
Current through Register Vol. 54, No. 52, December 28, 2024
A member of the Loan Committee, employe of the Department, person in the immediate family or household of a member of the Loan Committee or employe of the Department may not be a party to or be in any manner interested in a contract, agreement or loan made under this chapter. If a contract, agreement or loan is made in violation of this section, it is void and without effect and no action may be maintained thereon by a person or entity against the Commonwealth. If a contract, agreement or loan is made in violation of this section, the Commonwealth may maintain an action, including an action in mortgage foreclosure to seek reimbursement of funds it may have disbursed to the applicant.
7 Pa. Code § 138d.13