12 Pennsylvania Consolidated Statutes Chapter 63 - Goods And Services Installment Sales
Subchapter A. General Provisions
- Section 6301 - Scope Of Chapter
This chapter relates to goods and services installment sales.
- Section 6302 - Definitions
The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly...
- Section 6303 - Waiver
A buyer's waiver of the provisions of this chapter, including any purported waiver effected by a contractual choice of the law of another jurisdiction...
- Section 6304 - Applicability
(a) Agreements.--A closed-end credit agreement and an open-end credit agreement are deemed to be made in this Commonwealth and subject to the provisions of...
- Section 6305 - Prohibited Activities And Provisions
(a) Activities.--In attempting to collect a buyer's obligation, a seller or holder shall comply with the act of March 28, 2000 (P.L.23, No.7), known...
- Section 6306 - Assignment
Except as provided in section 6352 (relating to noncompliance; costs and charges), a right of action or defense arising from a sale that a...
- Section 6307 - Venue
An action on a closed-end credit agreement or an open-end credit agreement shall be commenced in a county where any of the following occurred:...
- Section 6308 - Attorney Fees And Costs
(a) Award.--Reasonable attorney fees and costs shall be awarded to the prevailing party in an action on a closed-end credit agreement or an open-end...
- Section 6309 - Repossession; Acceleration; Right To Cure
(a) Rights of holder.--If a buyer defaults in the performance of an obligation under a closed-end credit agreement or an open-end credit agreement, the...
- Section 6310 - Lien
A contract, other than for services, may not provide for a lien on goods that are fully paid for or have not been sold...
- Section 6311 - Validity
A provision in a closed-end credit agreement or an open-end credit agreement that is prohibited by this chapter is void but does not otherwise...
- Section 6312 - Discharge Of Obligation
Unless a buyer has notice of the actual or intended assignment of a closed-end credit agreement or an open-end credit agreement, payment made by...
- Section 6313 - Prepayment Of Obligation
(a) Right to prepay.--Notwithstanding the provisions of a closed-end credit agreement or an open-end credit agreement, a buyer may prepay without additional charge at...
- Section 6314 - Acknowledgment Of Payment In Full
Upon a buyer's request and after the payment of all sums for which the buyer is obligated under a closed-end credit agreement or an...
Subchapter B. Closed-end Credit Agreements
- Section 6321 - General Rules
(a) Entire agreement.--Except as provided in section 6329(c) (relating to add-on sales), a closed-end credit agreement shall contain the entire agreement of the parties...
- Section 6322 - Contents
Except as provided in section 6329 (relating to add-on sales), a closed-end credit agreement shall contain all of the following: (1) One of the...
- Section 6323 - Copy Of Agreement
(a) Delivery of copy.--Except as provided in section 6324(b) (relating to agreement resulting from telephone or mail communications), a seller shall provide a legible...
- Section 6324 - Agreement Resulting From Telephone Or Mail Communications
(a) General rule.--A closed-end credit agreement that is negotiated and entered into by a buyer and seller by telephone or mail is permitted under...
- Section 6325 - Purchase Money Loan; Notice
(a) General rule.--Unless an instrument that evidences or embodies a debt arising from a purchase money loan contains the notice under subsection (b): (1)...
- Section 6326 - Statement To Buyer
(a) Request; contents.--At any time after the execution of a closed-end credit agreement and within one year after the last payment is made under...
- Section 6327 - Refinancing
(a) General rule.--Upon agreement in writing with the buyer, the holder of a closed-end credit agreement may refinance the payment of the unpaid time...
- Section 6328 - New Payment Schedule
(a) Right to new payment schedule.--If a closed-end credit agreement provides for the payment of an installment that is more than double the amount...
- Section 6329 - Add-on Sales
(a) Add-on provisions.--A closed-end credit agreement that includes an add-on sales provision shall comply with the requirements of this chapter and may contain the...
Subchapter C. Open-end Credit Agreements
- Section 6331 - Establishment
(a) Seller.--A seller may enter into an open-end credit agreement upon the request of a buyer or prospective buyer. (b) Financing agency.--Subject to the...
- Section 6332 - Requirements
(a) Signature.--A seller may not obtain the signature of a buyer on an application for an open-end credit agreement if it contains blank spaces...
- Section 6333 - Applicability And Effect Of Subchapter
(a) Security interest.--This subchapter does not prohibit the execution of an agreement between a buyer and seller whereby the seller retains a security interest...
Subchapter D. Costs and Charges
- Section 6341 - Applicability
A seller may contract for or collect a fee, expense or charge only if the fee, expense or charge is specifically set forth in...
- Section 6342 - Insurance
(a) Compliance with law.--The following shall comply with the act of September 2, 1961 (P.L.1232, No.540), known as the Model Act for the Regulation...
- Section 6343 - Late Fees
(a) Closed-end credit agreement.-- (1) A closed-end credit agreement may provide for the payment by the buyer of a late fee on each installment...
- Section 6344 - Costs Of Collection
A closed-end credit agreement or an open-end credit agreement may provide for payment of actual and reasonable costs of collection only if any of...
- Section 6345 - Finance Charges
(a) General rule.--Pursuant to this section and the provisions of a closed-end credit agreement or an open-end credit agreement, a seller and holder may...
- Section 6346 - Costs From Nonaffiliated Entity
A closed-end credit agreement and an open-end credit agreement may provide for the reimbursement from a buyer of costs for a service provided by...
- Section 6347 - Extension And Deferment
(a) General rule.--Upon agreement with the buyer, the holder of a closed-end credit agreement or an open-end credit agreement may extend the scheduled due...
- Section 6348 - Interest Rate After Maturity
If a balance remains unpaid at the expiration of the scheduled maturity date of a closed-end credit agreement, the rate of the finance charge...
Subchapter E. Enforcement and Penalties
Last modified: October 8, 2016