Pennsylvania § 6328 New payment schedule

Pennsylvania Statutes

§ 6328 — New payment schedule

Pennsylvania § 6328

JurisdictionPennsylvania

Title 12COMMERCE AND TRADE

PartPART V

Ch. 63GOODS AND SERVICES INSTALLMENT SALES

Subch.CLOSED-END CREDIT AGREEMENTS

This text of Pennsylvania § 6328 (New payment schedule) 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. § 6328 (2026).

Text

(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)Payments.--Unless agreed to by the buyer, the periodic payments under the new schedule may not be greater than the average of the preceding installments.

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(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) Payments.--Unless agreed to by the buyer, the periodic payments under the new schedule may not be greater than the average of the preceding installments.