2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 92 - Effectiveness of Security Agreement, Attachment of Security Interest and Rights of Parties to Security Agreement
Section 9201 - General effectiveness of security agreement

EFFECTIVENESS AND ATTACHMENT

Sec.

9201.  General effectiveness of security agreement.

9202.  Title to collateral immaterial.

9203.  Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.

9204.  After-acquired property; future advances.

9205.  Use or disposition of collateral permissible.

9206.  Security interest arising in purchase or delivery of financial asset.

§ 9201.  General effectiveness of security agreement.

(a)  General effectiveness.--Except as otherwise provided in this title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral and against creditors.

(b)  Applicable consumer laws and other law.--A transaction subject to this division is subject to:

(1)  any applicable rule of law which establishes a different rule for consumers;

(2)  any other statute or regulation of the Commonwealth which regulates the rates, charges, agreements and practices for loans, credit sales or other extensions of credit; and

(3)  any consumer protection statute or regulation of the Commonwealth.

(c)  Other applicable law controls.--In case of conflict between this division and a rule of law, statute or regulation described in subsection (b), the rule of law, statute or regulation controls. Failure to comply with a statute or regulation described in subsection (b) has only the effect the statute or regulation specifies.

(d)  Further deference to other applicable law.--This division does not:

(1)  validate any rate, charge, agreement or practice which violates a rule of law, statute or regulation described in subsection (b); or

(2)  extend the application of the rule of law, statute or regulation to a transaction not otherwise subject to it.