PRINTER'S NO. 392
No. 387 Session of 1995
INTRODUCED BY HERMAN, GEIST, FARGO, YOUNGBLOOD, STABACK, GANNON,
SATHER, KENNEY, COLAFELLA, BELFANTI, TRELLO, JAMES AND
MICHLOVIC, JANUARY 27, 1995
REFERRED TO COMMITTEE ON COMMERCE AND ECONOMIC DEVELOPMENT,
JANUARY 27, 1995
AN ACT
1 Amending the act of June 28, 1947 (P.L.1110, No.476), entitled
2 "An act defining and regulating certain installment sales of
3 motor vehicles; prescribing the conditions under which such
4 sales may be made and regulating the financing thereof;
5 regulating and licensing persons engaged in the business of
6 making or financing such sales; prescribing the form,
7 contents and effect of instruments used in connection with
8 such sales and the financing thereof; prescribing certain
9 rights and obligations of buyers, sellers, persons financing
10 such sales and others; limiting incidental charges in
11 connection with such instruments and fixing maximum interest
12 rates for delinquencies, extensions and loans; regulating
13 insurance in connection with such sales; regulating
14 repossessions, redemptions, resales and deficiency judgments
15 and the rights of parties with respect thereto; authorizing
16 extensions, loans and forbearances related to such sales;
17 authorizing investigations and examinations of persons
18 engaged in the business of making or financing such sales;
19 prescribing penalties and repealing certain acts," further
20 providing for repossession.
21 The General Assembly of the Commonwealth of Pennsylvania
22 hereby enacts as follows:
23 Section 1. Section 23 of the act of June 28, 1947 (P.L.1110,
24 No.476), known as the Motor Vehicle Sales Finance Act, is
25 amended by adding a subsection to read:
26 Section 23. Repossession.--
1 * * *
2 C.1. Prior to repossessing a motor vehicle which is located
3 on the premises of or in proximity to a repair garage or body or
4 paint shop, or is otherwise not in the possession of the owner
5 of the vehicle, the repossessor shall notify in writing the
6 owner or manager of the repair garage or body or paint shop, or
7 the other person reasonably believed to be in possession of the
8 vehicle, that the vehicle is being repossessed.
9 * * *
10 Section 2. This act shall take effect in 60 days.
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