Pennsylvania § 6344 Costs of collection

Pennsylvania Statutes

§ 6344 — Costs of collection

Pennsylvania·Title 12 COMMERCE AND TRADE·Part PART V·Ch. 63 GOODS AND SERVICES INSTALLMENT SALES·Subch. COSTS AND CHARGES

A closed-end credit agreement or an open-end credit agreement may provide for payment of actual and reasonable costs of collection only if any of the following occurs:

(1)If the goods are subject to a security interest, the goods are removed from this Commonwealth without the written permission of the holder.

(2)The buyer fails to notify the holder of a change of residence.

(3)The buyer fails to communicate with the holder for a period of 45 days after a default in making payments due under the agreement.

Free access — add to your briefcase to read the full text and ask questions with AI

A closed-end credit agreement or an open-end credit agreement may provide for payment of actual and reasonable costs of collection only if any of the following occurs:

(1) If the goods are subject to a security interest, the goods are removed from this Commonwealth without the written permission of the holder.

(2) The buyer fails to notify the holder of a change of residence.

(3) The buyer fails to communicate with the holder for a period of 45 days after a default in making payments due under the agreement.

Pennsylvania § 6344 (Costs of collection) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.