(a) Security interest.-- This subchapter does not prohibit the execution of an agreement between a buyer and seller whereby the seller retains a security interest in goods sold to the buyer until full payment has been made. (b) Allocation.-- Section 6329(b) (relating to add-on sales) governs goods sold under an agreement under subsection (a). (c) Notes; third party rights.-- An open-end credit agreement may not require or entail the execution of a note by the buyer that when separately negotiated will eliminate as to a third party a right of action or defense that the buyer may have against the seller. SUBCHAPTER D COSTS AND CHARGES Sec. 6341. Applicability. 6342. Insurance. 6343. Late fees. 6344. Costs of collection. 6345. Finance charges. 6346. Costs from nonaffiliated entity. 6347. Extension and deferment. 6348. Interest rate after maturity.
‹ Prev All Pennsylvania sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.