12 Pa.C.S. § 6275
Liability of sales finance company.
(a) Exemption from liability.--A sales finance company licensed under this chapter and engaged in the purchase, sale, assignment, securitization or servicing of installment sale contracts may not be held liable under this chapter for either of the following:
(1) Excessive markups of charges by installment sellers.
(2) A failure to disclose under section 6221(e) (relating to requirements).
(b) Federal status preserved.--This section does not affect the liability of a sales finance company that is a holder under the Federal Trade Commission Act (38 Stat. 717, 15 U.S.C. § 41 et seq.). CHAPTER 63 GOODS AND SERVICES INSTALLMENT SALES Subchapter A. General Provisions B. Closed-end Credit Agreements C. Open-end Credit Agreements D. Costs and Charges E. Enforcement and Penalties Enactment. Chapter 63 was added November 27, 2013, P.L.1081, No.98, effective in one year. Special Provisions in Appendix. See section 8 of Act 98 of 2013 in the appendix to this title for special provisions relating to applicability. Cross References. Chapter 63 is referred to in section 6911 of Title 42 (Judiciary and Judicial Procedure). SUBCHAPTER A GENERAL PROVISIONS Sec. 6301. Scope of chapter. 6302. Definitions. 6303. Waiver. 6304. Applicability. 6305. Prohibited activities and provisions. 6306. Assignment. 6307. Venue. 6308. Attorney fees and costs. 6309. Repossession; acceleration; right to cure. 6310. Lien. 6311. Validity. 6312. Discharge of obligation. 6313. Prepayment of obligation. 6314. Acknowledgment of payment in full.
- Cross-references to the US Code
- 15:41