Pennsylvania § 6273 Use of unlicensed collector-repossessor

Pennsylvania Statutes

§ 6273 — Use of unlicensed collector-repossessor

Pennsylvania·Title 12 COMMERCE AND TRADE·Part PART V·Ch. 62 MOTOR VEHICLE SALES FINANCE·Subch. PENALTIES AND LIABILITY

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 a violation of this chapter and shall, upon conviction, be sentenced at the discretion of the court to the following:

(1)Pay a fine of not more than $2,000 for the first offense.

(2)For each subsequent offense, to either or both of the following:

(i)Pay a fine of not more than $2,000.

(ii)Imprisonment for not more than one year.

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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 a violation of this chapter and shall, upon conviction, be sentenced at the discretion of the court to the following:

(1) Pay a fine of not more than $2,000 for the first offense.

(2) For each subsequent offense, to either or both of the following:

(i) Pay a fine of not more than $2,000.

(ii) Imprisonment for not more than one year.

Pennsylvania § 6273 (Use of unlicensed collector-repossessor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.