12 Pa. C.S. § 6211 : Consolidated Statutes — COMMERCE AND TRADE — CONSUMER CREDIT — MOTOR VEHICLE SALES FINANCE — LICENSES — 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.