Pennsylvania § 6331 Establishment

Pennsylvania Statutes

§ 6331 — Establishment

Pennsylvania § 6331

JurisdictionPennsylvania

Title 12COMMERCE AND TRADE

PartPART V

Ch. 63GOODS AND SERVICES INSTALLMENT SALES

Subch.OPEN-END CREDIT AGREEMENTS

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Bluebook

12 Pa. Cons. Stat. § 6331 (2026).

Text

(a)Seller.--A seller may enter into an open-end credit agreement upon the request of a buyer or prospective buyer.

(b)Financing agency.--Subject to the other provisions of this chapter, a financing agency may enter into an open-end credit agreement on behalf of a seller from whom the financing agency may, with the buyer's consent, purchase or acquire the buyer's indebtedness, to be paid according to the agreement.

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(a) Seller.--A seller may enter into an open-end credit agreement upon the request of a buyer or prospective buyer.

(b) Financing agency.--Subject to the other provisions of this chapter, a financing agency may enter into an open-end credit agreement on behalf of a seller from whom the financing agency may, with the buyer's consent, purchase or acquire the buyer's indebtedness, to be paid according to the agreement.