Pennsylvania § 6275 Liability of sales finance company

Pennsylvania Statutes

§ 6275 — Liability of sales finance company

Pennsylvania § 6275

JurisdictionPennsylvania

Title 12COMMERCE AND TRADE

PartPART V

Ch. 62MOTOR VEHICLE SALES FINANCE

Subch.PENALTIES AND LIABILITY

This text of Pennsylvania § 6275 (Liability of sales finance company) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 Pa. Cons. Stat. § 6275 (2026).

Text

(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 failure to disclose under section 6221(e) (relating to requirements).

(b)Federal status preserved.--This section does not affect the liability of a sales finance company that is a holder under the Federal Trade Commission Act (38 Stat. 717, 15 U.S.C. § 41 et seq.).

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(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 failure to disclose under section 6221(e) (relating to requirements).

(b) Federal status preserved.--This section does not affect the liability of a sales finance company that is a holder under the Federal Trade Commission Act (38 Stat. 717, 15 U.S.C. § 41 et seq.).