Section 6346 – Costs from nonaffiliated entity
§ 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 an entity that is not otherwise affiliated with the seller or holder if all the following conditions exist: (1) The buyer requests that the seller […]
Section 6323 – Copy of agreement
§ 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 and complete copy of a closed-end credit agreement to a buyer when the buyer executes the agreement. (b) Obligation of buyer.–Until the seller completes the obligation […]
Section 6347 – Extension and deferment
§ 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 date or defer the scheduled payment of all or part of an installment payable under the agreement. (b) Charges.– (1) A charge may not be made […]
Section 6324 – Agreement resulting from telephone or mail communications
§ 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 this subchapter and subject to this section if: (1) the seller did not personally solicit the sale; and (2) a catalog or […]
Section 6325 – Purchase money loan; notice
§ 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) a purchase money lender may not take or receive the instrument; and (2) a seller may not accept the proceeds of the purchase money loan […]
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 6305 – Prohibited activities and provisions
§ 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 as the Fair Credit Extension Uniformity Act. (b) Provisions.–A closed-end credit agreement, an open-end credit agreement or other agreement may not contain a provision by […]
Section 6306 – Assignment
§ 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 buyer has against a seller is not eliminated by assignment of the buyer’s closed-end credit agreement or open-end credit agreement to a third party, regardless of whether the […]
Section 6307 – Venue
§ 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: (1) The buyer signed the agreement. (2) The buyer resides at the commencement of the action. (3) The buyer resided when the agreement was entered into. (4) The […]
Section 6308 – Attorney fees and costs
§ 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 credit agreement, regardless of whether the action is instituted by the seller, holder or buyer. (b) Agreement.–A seller may provide for the payment of attorney […]