(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 collector-repossessor.
(b) Term.--
(1) Subject to paragraph (2), unless revoked or suspended under section 6218 (relating to revocation or suspension of license) or otherwise surrendered, a license shall be valid for one year.
(2) A license shall expire on October 1 annually, after the license is initially approved or renewed.
(c) Transfer or assignment.--A license may not be transferred or assigned.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 62 - Motor Vehicle Sales Finance
Section 6201 - Scope of chapter
Section 6203 - Authority of department
Section 6206 - Deposit of fees and fines
Section 6207 - Distribution of information
Section 6210 - Consumer complaints
Section 6211 - General license rules
Section 6212 - Initial license application
Section 6215 - License certificate
Section 6216 - License renewal
Section 6217 - Refusal to issue license or license renewal
Section 6218 - Revocation or suspension of license
Section 6219 - Multiple places of business
Section 6226 - Heavy commercial motor vehicle
Section 6227 - Manufactured homes
Section 6228 - Prohibited provisions
Section 6230 - Statement of account to buyer
Section 6231 - Payment receipts
Section 6232 - Release of liens
Section 6233 - Prohibited charges
Section 6234 - Waiver of statutory protection prohibited
Section 6235 - Effect of license expiration, surrender and revocation on contracts
Section 6242 - Other costs included in amount financed
Section 6243 - Finance charges
Section 6244 - Refinance charges
Section 6246 - Refund for prepayment of contract
Section 6251 - Repossession authorized
Section 6252 - Who may repossess
Section 6253 - Legal proceedings
Section 6254 - Notice of repossession
Section 6255 - Personal property in repossessed motor vehicle
Section 6256 - Buyer's liability for costs
Section 6257 - Notice to police
Section 6258 - Reinstatement of contract after repossession
Section 6259 - Redemption and termination of contract after repossession
Section 6260 - Sale of motor vehicle after repossession
Section 6261 - Deficiency judgment
Section 6262 - Procedures for manufactured homes
Section 6271 - Operating without license
Section 6272 - Violation of chapter provisions
Section 6273 - Use of unlicensed collector-repossessor