Title 12, COMMERCE AND TRADE

Unless the rental agreement specifically provides otherwise, the exclusive care, custody and control of any personal property stored in the leased space shall remain vested in the occupant who shall bear all risks of loss or damage to the property not caused by negligence of the …

(a) Sale or removal.--An owner is not liable to an occupant or a third party for the removal or sale of personal property which is not the property of the occupant or upon which a prior lien has attached, unless notice was given to the owner by the occupant that the property plac…

If, within 30 days of the delivery of a written rental agreement from the owner to the occupant by hand delivery, first-class mail or email, the occupant fails to sign the rental agreement, the occupant's payment of rent or continued use of the leased space shall be deemed an acc…

(a) Prohibited entry.--After an owner delivers written notice in person or by electronic mail or verified mail of the termination or nonrenewal of an occupant's rental agreement, the occupant may not enter the self-service storage facility unless: (1) the occupant is retrieving t…

Nothing in this chapter shall be construed to impair or affect the right of the owner and occupant to create additional rights, duties and obligations in and by virtue of the rental agreement. The rights provided by this chapter shall be in addition to all other rights allowed by…

The intent of this chapter is to authorize and provide a regulatory framework for financial institutions to conduct savings promotion programs to encourage robust saving habits and improve financial literacy.

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Eligible financial institution." Any of the following: (1) an insured credit union; or (2) an insured depository instit…

(a) Authorization.--Notwithstanding any prohibitions on lotteries or gambling provided by the laws of this Commonwealth, including 18 Pa.C.S. §§ 5512 (relating to lotteries, etc.), 5513 (relating to gambling devices, gambling, etc.) and 5514 (relating to pool selling and bookmaki…

An eligible financial institution may offer a savings promotion program only to the extent permitted by Federal law, including any regulations promulgated by the institution's appropriate prudential regulator.

A qualified financial program offered under section 5703(a)(2) (relating to savings promotion program) must include programs to encourage an eligible individual to do at least one of the following: (1) Deposit or transfer money into a qualified account on a recurring or automatic…

(a) Disclosure.--An eligible financial institution conducting a savings promotion program shall disclose to the public and each participant the terms and conditions of the savings promotion program. The terms and conditions shall be posted in a location where entries may be submi…

An eligible financial institution that conducts a savings promotion program under this chapter shall maintain books and records relating to the conduct of the savings promotion program sufficient to facilitate an audit of the savings promotion program. The financial institution s…

This part relates to consumer credit.

The following words and phrases when used in this part shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Department." The Department of Banking and Securities of the Commonwealth. "Financial institution." A bank, bank and trust…

(a) General rule.--A contract or agreement under this part shall be dated and in writing. (b) Clear and conspicuous provisions.--The headings, notices and language of a contract or agreement under this part shall be clear and conspicuous and meet the following requirements: (1) E…

(a) Effect on other law.--Nothing in this part shall be construed to supersede the provisions of the act of December 16, 1999 (P.L.971, No.69), known as the Electronic Transactions Act. (b) Department procedures.--The department may establish procedures for electronic transaction…

This chapter relates to motor vehicle sales finance.

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Buyer." (1) A person who buys, hires or leases a motor vehicle under an installment sale contract or a legal successor …

(a) Powers.--The department has the authority to do any of the following: (1) Investigate the business activities of a licensee and person engaged in a business contemplated by this chapter by the following means: (i) Examining the records of the licensee and person. (ii) Accessi…

(a) General rule.--A licensee shall maintain, at the place of business designated in the license certificate, records of the business conducted under the license issued for the place of business so as to enable the department to determine whether the licensee's business contempla…

An appeal may be taken from the action of the department in suspending and revoking a license under section 6218 (relating to revocation or suspension of license) or imposing a civil penalty under section 6274 (relating to civil penalty by department) in accordance with the proce…

License fees and fines that are received by the department under this chapter shall be deposited in the State Treasury to the credit of a special fund for the use of the department in administering this and other laws of this Commonwealth placed under its administration.

(a) Department.--The department shall provide a copy of the provisions of this chapter to each licensee in conjunction with the licensee's initial license and all renewal applications. (b) Licensee.-- (1) A licensee shall make the information under subsection (a) available to its…

An action on an installment sale contract shall be commenced in a county where any of the following occurred: (1) The buyer signed the contract. (2) The buyer resides at the commencement of the action. (3) The buyer resided when the contract was entered into.

(a) Consumer discount companies.--The provisions of this chapter do not affect or impair a business conducted lawfully under a license issued under the act of April 8, 1937 (P.L.262, No.66), known as the Consumer Discount Company Act. (b) Other extensions of credit.--The provisio…

(a) Review and investigation.--The department shall review and investigate, as appropriate, any consumer complaints or information obtained through examinations relating to any activities regulated by this chapter, including, but not limited to, those pertaining to charges for se…

(a) License required.--The following persons may engage or continue to engage in this Commonwealth as a principal, employee, agent or broker only as authorized in this chapter and under a license issued by the department: (1) An installment seller. (2) A sales finance company. (3…

(a) General rule.--An initial license application shall be in writing, under oath and in the form prescribed by the department. (b) Contents.--An initial license application shall contain the following: (1) The name under which the business is conducted. (2) The physical street a…

(a) Bond required.--A bond shall accompany each license application for a sales finance company and collector-repossessor. (b) Form.--The bond shall be in the form prescribed by the department. (c) Amount.-- (1) A bond for a sales finance company shall be in the amount of $10,000…

(a) Amount.--A license application shall be accompanied by a license fee as set forth in section 603-A of the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929. (b) Abatement.--No abatement in the amount of the license fee shall be made if the licen…

(a) Issuance.--If the department approves an applicant's license application, it shall issue to the applicant a license certificate showing the name and address of the person authorized to do business under the license. (b) Public inspection.-- (1) An installment seller and a sal…

An application for a license renewal shall have the following characteristics: (1) The application shall be in writing, under oath and in the form prescribed by the department. (2) The application shall be filed at least 15 days prior to October 1. (3) The application shall inclu…

(a) Discretionary refusal.--Subject to subsection (b), the department may refuse to issue a license or renew a license because of any of the following: (1) The applicant has made a material misstatement in the application for license or license renewal. (2) The existence of any o…

(a) Grounds.--Upon notice under subsection (b), the department may revoke or suspend a license if it discovers a fact or condition that, had it existed or been discovered at the time of filing of any license application, would have warranted disapproval of the application or if i…

(a) License application.--A separate license application under section 6212 (relating to initial license application) shall be filed for each place of business conducted by or to be established by a licensee within this Commonwealth. (b) Bond.--A bond under section 6213 (relating…

A licensee may permit an individual employed by the licensee to work from a remote location if all of the following requirements are met: (1) The licensed activities are conducted under the supervision of the licensee. (2) The licensee has written policies and procedures for the …

(a) General rule.--An installment sale contract shall: (1) be in writing; (2) contain all the agreements between a buyer and an installment seller relating to the installment sale of the motor vehicle sold; (3) be signed by the buyer and seller; and (4) be complete as to all esse…

An installment sale contract shall contain the following: (1) The full name and address of all the parties to the contract. (2) The date that the buyer signed the contract. (3) A description of the motor vehicle sold, which shall be sufficient for accurate identification. (4) The…

(a) Requirement.--An installment sale contract shall contain the notice under subsection (b), which shall be printed directly above the space provided for the signature of the buyer. (b) Form.-- (1) Except as provided in paragraph (2), the notice shall be in the following form: N…

Costs and charges under sections 6222 (relating to contents) and 6242 (relating to other costs included in amount financed) shall be separately itemized in an installment sale contract as to their nature and amounts.

If an installment seller retains a portion of the charge for a good or service provided by another person, the seller shall disclose that the seller may retain a portion of the charge.

(a) Variable finance charge percentage rate.--Notwithstanding any provision of law to the contrary, the finance charge percentage rate included in an installment sale contract for the sale of a heavy commercial motor vehicle may vary during the term of the contract pursuant to a …

(a) Optional contract provisions.--An installment sale contract for the sale of a manufactured home may: (1) require the buyer to pay real estate taxes that may thereafter be levied upon the manufactured home and furnish the installment seller or holder with proof of payment of r…

An installment sale contract may not contain any of the following: (1) Blank spaces to be filled in after the contract has been signed, except regarding serial numbers or other identifying marks that are not available for description of the motor vehicle at the time of execution …

(a) Installment seller.--An installment seller of a motor vehicle under an installment sale contract executed in this Commonwealth may not sell, transfer or assign the obligation represented by the contract to a person in this Commonwealth or elsewhere unless the person is licens…

(a) Information to be included.--At any time after the execution of an installment sale contract and within one year after the termination of the contract, a holder of the contract shall furnish to the buyer upon request a complete and detailed statement of account showing the fo…