PRINTER'S NO. 2474
No. 1945 Session of 1987
INTRODUCED BY WESTON, NOVEMBER 16, 1987
REFERRED TO COMMITTEE ON BUSINESS AND COMMERCE,
NOVEMBER 16, 1987
AN ACT
1 Amending the act of October 28, 1966 (1st Sp.Sess., P.L.55,
2 No.7), entitled "An act defining, regulating and relating to
3 retail installment contracts for all goods and services
4 except certain motor vehicles and home improvements;
5 prescribing the requirements of such contracts and
6 limitations on the enforcement thereof; and providing
7 remedies and penalties," providing for disclosure of all
8 financial agencies involved with a retail installment
9 contract.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Section 302 of the act of October 28, 1966 (1st
13 Sp.Sess., P.L.55, No.7), known as the Goods and Services
14 Installment Sales Act, is amended by adding a subsection to
15 read:
16 Section 302. Except as provided in sections 309 and 803,
17 every retail installment contract shall be contained in a single
18 document which shall contain:
19 * * *
20 (d) The names and addresses of all financial agencies which,
1 through contract or agreement, administer, service or otherwise
2 manage a retail installment account for the holder of the
3 account.
4 Section 2. This act shall take effect July 1, 1988.
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