Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 63 - Goods and Services Installment Sales
Section 6354 - Corrections


(a) General rule.--Notwithstanding the provisions of this chapter and subject to subsection (b), a seller or holder may correct a failure to comply with a provision of this chapter in accordance with this section unless a willful violation has occurred.
(b) Concurrence by buyer.--A correction that will increase the amount owed by the buyer or the amount of a payment is not permitted unless the buyer concurs in writing with the correction.
(c) No liability.--If a seller or holder corrects a violation in accordance with this section, the seller and holder are not subject to penalty under this subchapter.
(d) Delivery.--Within 30 days of the execution of the original closed-end credit agreement or open-end credit agreement by the buyer, a correction may be delivered to the buyer in the form of a corrected copy of the agreement.
(e) Credit.--An amount improperly collected from the buyer shall be:
(1) credited against the indebtedness evidenced by the agreement; or
(2) refunded to the buyer if the debt has already been satisfied.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 12 - COMMERCE AND TRADE

Chapter 63 - Goods and Services Installment Sales

Extra - Chapter Notes

Section 6301 - Scope of chapter

Section 6302 - Definitions

Section 6303 - Waiver

Section 6304 - Applicability

Section 6305 - Prohibited activities and provisions

Section 6306 - Assignment

Section 6307 - Venue

Section 6308 - Attorney fees and costs

Section 6309 - Repossession; acceleration; right to cure

Section 6310 - Lien

Section 6311 - Validity

Section 6312 - Discharge of obligation

Section 6313 - Prepayment of obligation

Section 6314 - Acknowledgment of payment in full

Section 6321 - General rules

Section 6322 - Contents

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 6327 - Refinancing

Section 6328 - New payment schedule

Section 6329 - Add-on sales

Section 6331 - Establishment

Section 6332 - Requirements

Section 6333 - Applicability and effect of subchapter

Section 6341 - Applicability

Section 6342 - Insurance

Section 6343 - Late fees

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

Section 6353 - Willful violations regarding finance charges

Section 6354 - Corrections

Section 6355 - Unfair trade practice