Section 6262 – Procedures for manufactured homes
§ 6262. Procedures for manufactured homes. (a) Notice.– (1) A holder of an installment sale contract for a manufactured home shall give the buyer notice under this subsection before the holder takes any of the following actions: (i) Accelerates the maturity of the installment sale contract for the manufactured home. (ii) Commences a legal action […]
Section 6271 – Operating without license
§ 6271. Operating without license. (a) Prohibition; penalty.–An entity or individual under subsection (b) engaging in business in this Commonwealth as an installment seller, sales finance company or collector-repossessor without having obtained a license under this chapter commits a violation of this chapter and shall, upon conviction, be sentenced at the discretion of the court […]
Section 6272 – Violation of chapter provisions
§ 6272. Violation of chapter provisions. A licensee or an owner, partner, member, officer, director, trustee, employee, agent, broker or representative of the licensee who violates a provision of this chapter or directs a violation of this chapter commits a violation of this chapter and shall, upon conviction, be sentenced at the discretion of the […]
Section 6273 – Use of unlicensed collector-repossessor
§ 6273. Use of unlicensed collector-repossessor. A licensed seller or sales finance company acting as holder of a motor vehicle installment sale contract who hires, authorizes or permits an unlicensed collector-repossessor, as defined in this chapter, to collect payments on the contract or repossess a motor vehicle sold under the contract within this Commonwealth commits […]
Section 6274 – Civil penalty by department
§ 6274. Civil penalty by department. A person required to be licensed under this chapter that violates this chapter, directs a violation of this chapter or engages in an activity for which a license could be suspended or revoked under section 6218 (relating to revocation or suspension of license) shall be subject to a civil […]
Section 6275 – Liability of sales finance company
§ 6275. Liability of sales finance company. (a) Exemption from liability.–A sales finance company licensed under this chapter and engaged in the purchase, sale, assignment, securitization or servicing of installment sale contracts may not be held liable under this chapter for either of the following: (1) Excessive markups of charges by installment sellers. (2) A […]
Section 6235 – Effect of license expiration, surrender and revocation on contracts
§ 6235. Effect of license expiration, surrender and revocation on contracts. (a) Effect.–The expiration, surrender or revocation of a license issued under this chapter to an installment seller or sales finance company does not impair or affect the obligation under an installment sale contract entered into lawfully or lawfully acquired by the licensee prior to […]
Section 6259 – Redemption and termination of contract after repossession
§ 6259. Redemption and termination of contract after repossession. (a) Retaining motor vehicle.–Unless the right of redemption is waived in a nonconsumer transaction under 13 Pa.C.S. § 9624(c) (relating to waiver), if repossession of a motor vehicle subject to an installment sale contract is effected within or outside this Commonwealth other than by legal process, […]
Section 6236 – Enforcement
§ 6236. Enforcement. (a) When obligation unenforceable.–An obligation of the buyer of a motor vehicle under an installment sale contract that was consummated in this Commonwealth is not enforceable in this Commonwealth if: (1) the installment seller was not licensed under this chapter when the seller entered into the contract; or (2) the holder was […]
Section 6260 – Sale of motor vehicle after repossession
§ 6260. Sale of motor vehicle after repossession. (a) Forfeiture.–If the repossessed motor vehicle subject to an installment sale contract is not redeemed by the buyer either by termination or reinstatement of the contract within the 15-day notice of redemption period, the buyer shall forfeit all claim to the motor vehicle and collateral security. (b) […]