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 […]