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 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) […]
Section 6261 – Deficiency judgment
§ 6261. Deficiency judgment. (a) General rule.–If the proceeds of a resale under section 6260 (relating to sale of motor vehicle after repossession) are not sufficient to defray the expenses regarding the repossessed motor vehicle, including the costs under section 6256 (relating to buyer’s liability for costs), the net balance due on the installment sale […]
Section 6251 – Repossession authorized
§ 6251. Repossession authorized. (a) When repossession may occur.–An installment seller or a holder, who has lawfully acquired a motor vehicle installment sale contract, may retake possession of the motor vehicle if the buyer: (1) is in default in the payment of an amount due under the contract; or (2) has committed another breach of […]
Section 6252 – Who may repossess
§ 6252. Who may repossess. (a) With legal process.–Repossession of a motor vehicle when effected by legal process shall be made only by a duly constituted public official. (b) Without legal process.–Repossession of a motor vehicle when effected otherwise than by legal process under subsection (a) shall be made only by the following: (1) The […]
Section 6253 – Legal proceedings
§ 6253. Legal proceedings. (a) When to commence action.–If repossession and sale of a motor vehicle subject to an installment sale contract or its collateral security is effected by legal process, the holder may commence legal proceedings immediately upon the buyer’s default or breach of the contract. (b) Rights and duties of buyer.–In a proceeding […]
Section 6254 – Notice of repossession
§ 6254. Notice of repossession. (a) General rule.–If repossession of a motor vehicle subject to an installment sale contract is effected other than by legal process, the holder shall immediately furnish the buyer with a written notice of repossession. (b) Delivery.–The notice of repossession shall be delivered in person or sent by registered or certified […]
Section 6255 – Personal property in repossessed motor vehicle
§ 6255. Personal property in repossessed motor vehicle. A buyer may reclaim personal property left in the repossessed motor vehicle within 30 days of the mailing of the notice under section 6254 (relating to notice of repossession). If personal property is left in the motor vehicle after the 30-day time period, the holder may dispose […]
Section 6256 – Buyer’s liability for costs
§ 6256. Buyer’s liability for costs. If repossession of a motor vehicle subject to an installment sale contract is effected other than by legal process, the buyer shall be liable for costs incurred by the holder in retaking, storing and repairing the motor vehicle only if: (1) The default exceeds 15 days at the time […]
Section 6257 – Notice to police
§ 6257. Notice to police. The repossessor of a motor vehicle shall give notice within 24 hours after the repossession to: (1) the local municipal police department having jurisdiction of the area where the motor vehicle was located at the time of repossession; or (2) the Pennsylvania State Police, if no municipal police jurisdiction exists.