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 6301 – Scope of chapter
§ 6301. Scope of chapter. This chapter relates to goods and services installment sales.
Section 6302 – Definitions
§ 6302. Definitions. The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: “Actuarial method.” The method of allocating payments made on a debt between the amount financed and the finance charge at the interest rate stated in the […]
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.
Section 6234 – Waiver of statutory protection prohibited
§ 6234. Waiver of statutory protection prohibited. (a) General rule.–A buyer may not validly waive through an action, agreement or statement any provision of this chapter intended to protect a buyer of a motor vehicle. (b) Choice of law.–A buyer’s waiver of the provisions of this chapter, including any purported waiver effected by a contractual […]