Section 6352 – Noncompliance; costs and charges
§ 6352. Noncompliance; costs and charges. (a) Bar to recovery.–If a seller fails to comply with the provisions of this chapter, the seller or holder who acquires a closed-end credit agreement or an open-end credit agreement with knowledge of the noncompliance is barred from recovery of the following costs and charges imposed in connection with […]
Section 6353 – Willful violations regarding finance charges
§ 6353. Willful violations regarding finance charges. (a) Penalty.–If a seller or holder willfully violates a provision of this chapter regarding the imposition, computation or disclosure of a finance charge on a consolidated total of two or more agreements under section 6329 (relating to add-on sales), the buyer may recover from the seller or holder […]
Section 6354 – Corrections
§ 6354. Corrections. (a) General rule.–Notwithstanding the provisions of this chapter and subject to subsection (b), a seller or holder may correct a failure to comply with a provision of this chapter in accordance with this section unless a willful violation has occurred. (b) Concurrence by buyer.–A correction that will increase the amount owed by […]
Section 6355 – Unfair trade practice
§ 6355. Unfair trade practice. A violation of any provision of this chapter shall be deemed to be a violation of the act of December 17, 1968 (P.L.1224, No.387), known as the Unfair Trade Practices and Consumer Protection Law.
Section 6348 – Interest rate after maturity
§ 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 for the period beginning at the date of the maturity until payment in full may not exceed the rate of the finance charge under the […]
Section 6351 – Willful and intentional violations
§ 6351. Willful and intentional violations. A person who willfully and intentionally violates or directs or consents to the violation of a provision of this chapter commits a misdemeanor and shall, upon conviction, be sentenced to pay a fine of not more than $1,000 or to imprisonment for not more than one year, or both.
Section 6326 – Statement to buyer
§ 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 the agreement, the holder of the agreement shall upon the good faith written request of the buyer promptly give or forward to the buyer a detailed […]
Section 6327 – Refinancing
§ 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 balance of the agreement by providing for a new schedule of installment payments. (b) Charges.– (1) The holder may contract for and collect the payment of a refinance […]
Section 6328 – New payment schedule
§ 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 of the average of the preceding installments, the buyer upon default of this installment shall have an absolute right to obtain a new payment schedule. (b) […]
Section 6329 – Add-on sales
§ 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 following provisions: (1) The seller may add subsequent purchases made by the buyer to the agreement. (2) The total price of the goods or services covered by […]