Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part V - Pawnbrokers
Chapter 63 - CHARGES, PAYMENT AND RECORDS
CHARGES
Section 63.4 - Limitation on charges
Universal Citation: 10 PA Code ยง 63.4
Current through Register Vol. 54, No. 12, March 23, 2024
(a) Charges on a loan shall not be allowed to accrue after the expiration of a 12-month period from the due date of such a loan, for the purposes of renewal or redemption of the pledge after the expiration of the 12-month period.
(b) When a pledge is sold for default after the expiration of 6 months from the due date, charges shall be limited to the amount of charges accrued within such 6-month period after the due date for the purpose of computing surplus due the pledgor.
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