H1195B2540A04561 AJB:CMD 11/30/15 #90 A04561
AMENDMENTS TO HOUSE BILL NO. 1195
Sponsor: SENATOR RAFFERTY
Printer's No. 2540
Amend Bill, page 1, lines 1 through 4, by striking out all of
said lines and inserting
Amending Title 75 (Vehicles) of the Pennsylvania Consolidated
Statutes, further providing for duration of perfection.
Amend Bill, page 1, lines 9 through 17; page 2, lines 1
through 26; by striking out all of said lines on said pages and
inserting
Section 1. Section 1138(a) of Title 75 of the Pennsylvania
Consolidated Statutes is amended to read:
ยง 1138. Duration of perfection.
(a) General rule.--Perfection of a security interest is
effective for a period of 30 years in the case of a mobile home
or emergency vehicle, 20 years for a motor home or recreational
trailer, eight years in the case of a truck tractor or trailer
weighing in excess of 10,000 pounds and six years in all other
cases, in each case dating from the time of perfection as
provided for in this subchapter and subject to renewal as
provided in subsection (b).
* * *
Section 2. This act shall take effect in 180 days.
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See A04561 in
the context
of HB1195