§ 6348 — Interest rate after maturity

Pennsylvania § 6348

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

Text

If a balance remains unpaid at the expiration of the scheduled maturity date of a closed-end credit agreement, the rate of the finance charge for the period beginning at the date of the maturity until payment in full may not exceed the rate of the finance charge under the original agreement.

Legislative History

Cross References.Section 6348 is referred to in sections 6352, 6353 of this title.