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2019 Pennsylvania Consolidated Statutes
Title 12 - COMMERCE AND TRADE
Chapter 63 - Goods and Services Installment Sales
Section 6333 - Applicability and effect of subchapter
Universal Citation: 12 PA Cons Stat § 6333 (2019)
§ 6333. Applicability and effect of subchapter.
(a) Security interest.--This subchapter does not prohibit the execution of an agreement between a buyer and seller whereby the seller retains a security interest in goods sold to the buyer until full payment has been made.
(b) Allocation.--Section 6329(b) (relating to add-on sales) governs goods sold under an agreement under subsection (a).
(c) Notes; third party rights.--An open-end credit agreement may not require or entail the execution of a note by the buyer that when separately negotiated will eliminate as to a third party a right of action or defense that the buyer may have against the seller.
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