A closed-end credit agreement and an open-end credit agreement may provide for the reimbursement from a buyer of costs for a service provided by an entity that is not otherwise affiliated with the seller or holder if all the following conditions exist:
(1) The buyer requests that the seller or holder provide the service.
(2) The service is for the convenience of the buyer.
(3) The seller or holder contracts with the entity to provide the service to the buyer or other buyers.
(4) The seller or holder actually incurs the costs of the service provided by the entity.
(5) The costs incurred for the service are reasonable and necessary.
(6) The reimbursement costs received from the buyer do not exceed the costs incurred by the seller or holder.
Cross References. Section 6346 is referred to in section 6302 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 63 - Goods and Services Installment Sales
Section 6301 - Scope of chapter
Section 6305 - Prohibited activities and provisions
Section 6308 - Attorney fees and costs
Section 6309 - Repossession; acceleration; right to cure
Section 6312 - Discharge of obligation
Section 6313 - Prepayment of obligation
Section 6314 - Acknowledgment of payment in full
Section 6323 - Copy of agreement
Section 6324 - Agreement resulting from telephone or mail communications
Section 6325 - Purchase money loan; notice
Section 6326 - Statement to buyer
Section 6328 - New payment schedule
Section 6333 - Applicability and effect of subchapter
Section 6344 - Costs of collection
Section 6345 - Finance charges
Section 6346 - Costs from nonaffiliated entity
Section 6347 - Extension and deferment
Section 6348 - Interest rate after maturity
Section 6351 - Willful and intentional violations
Section 6352 - Noncompliance; costs and charges