12 Pa.C.S. § 2104 — PA Code / Title 12 / Chapter 21 / Section 2104
Application.
Status: in_force

A person may submit an application to the department requesting a grant for a project. The application shall be on the form required by the department and shall include or demonstrate all of the following:

(1) The name and address of the applicant.

(2) A statement that the applicant is an eligible recipient under the program.

(3) A statement of the amount of grant sought.

(4) A statement of the project, including a detailed statement of the cost of the project.

(5) A statement identifying the economic impact of the project to the region and the estimated impact on State and local revenues.

(6) A commitment of private matching funds of at least $4 for every $1 of grant funds, and of the balance of funding for the entire project cost, from a responsible source.

(7) A commitment from the applicant to complete the project.

(8) Any other information required by the department. Cross References. Section 2104 is referred to in section 2105 of this title.
12 Pa.C.S. § 6212 — PA Code / Title 12 / Chapter 62 / Section 6212
Initial license application.
Status: in_force

(a) General rule.--An initial license application shall be in writing, under oath and in the form prescribed by the department.

(b) Contents.--An initial license application shall contain the following:

(1) The name under which the business is conducted.

(2) The physical street address of the place of business.

(3) The date of registration with the Secretary of the Commonwealth of any fictitious or trade name of the business.

(4) If the applicant is a corporation:

(i) the date and place of incorporation; and

(ii) the names and addresses of the officers and directors.

(5) If the applicant is an individual owner, the name and residence address of the owner.

(6) If the applicant is a partnership, association or limited liability company, the name and residence address of each owner, partner or member and any managers.

(7) Any other information that the department requires.

(c) Process; notice.--

(1) An application filed by an association or corporation shall be accompanied by a power of attorney showing the name and address of the authorized agent in this Commonwealth upon whom judicial and other process or legal notice may be served.

(2) The department is authorized to accept service of process or notice if the agent in paragraph (1):

(i) has died;

(ii) is removed from this Commonwealth; or

(iii) is under a legal disability or otherwise disqualified from serving as agent. Cross References. Section 6212 is referred to in sections 6216, 6219 of this title.
12 Pa.C.S. § 403 — PA Code / Title 12 / Chapter 4 / Section 403
Powers and duties.
Status: in_force

The commission shall have the following powers and duties:

(1) Advise on the expansion of economic development opportunities and defense-related industry organizations in public or private sectors in this Commonwealth.

(2) Establish a viable and long-term relationship with each military installation, organization and defense-related organization in this Commonwealth.

(3) Closely monitor the activities at the Federal level relating to any initiative or proposal that will affect, either positively or negatively, any military installation or organization or defense-related organization in this Commonwealth.

(4) Educate and engage stakeholders at the Federal, State and local levels and in the public and private sectors on the enhancement and preservation of the military installations and organizations and defense-related organizations in this Commonwealth.

(5) Advocate at the Federal, State and local levels for the enhancement of the military installations and organizations and defense-related organizations in this Commonwealth in order to fully support our nation's military at home and abroad.

(6) Identify, in coordination with the department, sources of funding for economic development projects, including projects under this title, 64 Pa.C.S. (relating to public authorities and quasi-public corporations) or projects under the act of February 9, 1999 (P.L.1, No.1), known as the Capital Facilities Debt Enabling Act, related to military installations and defense-related organizations and for the enhancement of military installations or defense-related organizations in this Commonwealth.

(7) Estimate an annual budget for the commission.
12 Pa.C.S. § 4103 — PA Code / Title 12 / Chapter 41 / Section 4103
Establishment.
Status: in_force

There is established within the department a program to be known as the Film Production Grant Program. The program shall be administered by the department to provide grants to persons for certain films produced within this Commonwealth. Cross References. Section 4103 is referred to in section 4102 of this title.
12 Pa.C.S. § 3005 — PA Code / Title 12 / Chapter 30 / Section 3005
Application.
Status: in_force

A certified economic development organization may submit an application for assistance under this chapter and under 64 Pa.C.S. § 1121(a) (relating to common application process). The application shall be on the form required by the authority and shall include or demonstrate all of the following, in addition to the contents required under 64 Pa.C.S. § 1121(b):

(1) A general description of the type, classes and number of employees employed or to be employed in the operation of the project.

(2) The cost or estimate of the cost of establishing the project. As used in this paragraph, the term "cost" shall include financing charges, including interest incurred before and during construction but shall not include the cost of any machinery, equipment or fixtures necessary for the project or the installation or maintenance of any of the machinery, equipment or fixtures.

(3) Financial statements of the applicant, proposed guarantors and any other party whose credit is significant to the approval of the financial assistance. By guideline, the authority may specify the period to be covered by the financial statements and whether they must be compiled, reviewed or prepared by a certified public accountant.

(4) Evidence of the arrangement made by the borrower for the financing of all costs of the project exceeding the amount to be financed by the authority.

(5) Evidence that the establishment of the project will not cause the removal of an industrial enterprise, manufacturing enterprise, research and development enterprise, agricultural producer or agricultural processor from one area of this Commonwealth to another area of this Commonwealth, as determined by the authority.

(6) Evidence that the proposed project location has undergone an environmental assessment.

(7) Any other information required by the authority.
12 Pa.C.S. § 6307 — PA Code / Title 12 / Chapter 63 / Section 6307
Venue.
Status: in_force

An action on a closed-end credit agreement or an open-end credit agreement shall be commenced in a county where any of the following occurred:

(1) The buyer signed the agreement.

(2) The buyer resides at the commencement of the action.

(3) The buyer resided when the agreement was entered into.

(4) The goods purchased under the agreement have been so affixed to real property as to become a part of the real property.
12 Pa.C.S. § 5603 — PA Code / Title 12 / Chapter 56 / Section 5603
Residential purposes prohibited.
Status: in_force

An occupant may not use a self-service storage facility for residential purposes.
12 Pa.C.S. § 5104 — PA Code / Title 12 / Chapter 51 / Section 5104
Transfer or obligation voidable as to present or future creditor.
Status: in_force

(a) General rule.--A transfer made or obligation incurred by a debtor is voidable as to a creditor, whether the creditor's claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation:

(1) with actual intent to hinder, delay or defraud any creditor of the debtor; or

(2) without receiving a reasonably equivalent value in exchange for the transfer or obligation, and the debtor:

(i) was engaged or was about to engage in a business or a transaction for which the remaining assets of the debtor were unreasonably small in relation to the business or transaction; or

(ii) intended to incur, or believed or reasonably should have believed that the debtor would incur, debts beyond the debtor's ability to pay as they became due.

(b) Certain factors.--In determining actual intent under subsection (a)(1), consideration may be given, among other factors, to whether:

(1) the transfer or obligation was to an insider;

(2) the debtor retained possession or control of the property transferred after the transfer;

(3) the transfer or obligation was disclosed or concealed;

(4) before the transfer was made or obligation was incurred, the debtor had been sued or threatened with suit;

(5) the transfer was of substantially all the debtor's assets;

(6) the debtor absconded;

(7) the debtor removed or concealed assets;

(8) the value of the consideration received by the debtor was reasonably equivalent to the value of the asset transferred or the amount of the obligation incurred;

(9) the debtor was insolvent or became insolvent shortly after the transfer was made or the obligation was incurred;

(10) the transfer occurred shortly before or shortly after a substantial debt was incurred; and

(11) the debtor transferred the essential assets of the business to a lienor who transferred the assets to an insider of the debtor.

(c) Burden of proof.--A creditor making a claim for relief under subsection (a) has the burden of proving the elements of the claim for relief by a preponderance of the evidence. (Dec. 22, 2017, P.L.1249, No.78, eff. 60 days) 2017 Amendment. See section 7 of Act 78 in the appendix to this title for special provisions relating to applicability. Cross References. Section 5104 is referred to in sections 5103, 5108, 5109 of this title.
12 Pa.C.S. § 6344 — PA Code / Title 12 / Chapter 63 / Section 6344
Costs of collection.
Status: in_force

A closed-end credit agreement or an open-end credit agreement may provide for payment of actual and reasonable costs of collection only if any of the following occurs:

(1) If the goods are subject to a security interest, the goods are removed from this Commonwealth without the written permission of the holder.

(2) The buyer fails to notify the holder of a change of residence.

(3) The buyer fails to communicate with the holder for a period of 45 days after a default in making payments due under the agreement. Cross References. Section 6344 is referred to in sections 6302, 6352, 6353 of this title.
12 Pa.C.S. § 4310 — PA Code / Title 12 / Chapter 43 / Section 4310
Joint implementation.
Status: in_force

Any combination of municipalities or counties may agree to jointly implement or administer a program under this chapter.
12 Pa.C.S. § 2305 — PA Code / Title 12 / Chapter 23 / Section 2305
Authority responsibilities.
Status: in_force

(a) General rule.--The authority shall do all of the following:

(1) Administer the program.

(2) Establish written guidelines as necessary. Any guidelines established shall be included in the report required by Chapter 3 (relating to economic development financing strategy).

(3) Deposit payments made by recipients in the fund or the Pollution Prevention Assistance Account, as appropriate.

(4) Approve standards for certified economic development organization application fees.

(5) (Deleted by amendment).

(6) Except as provided under section 2306(c)(iii) (relating to capital development loans), determine the job retention or job creation requirements for each project financed in whole or in part through a loan or line of credit made under this chapter.

(b) Program.--In administering the program, the authority may do any of the following:

(1) Provide grants or other financial assistance to certified economic development organizations for any of the following purposes:

(i) To establish loan reserve funds.

(ii) To reimburse loan losses to commercial banks and other financial institutions as a means of encouraging the expansion and financing of small businesses.

(2) Apply to the Ex-Im Bank for delegated authority lender status under the Ex-Im Bank's Working Capital Guaranty Program.

(3) Utilize the outstanding portfolio of loans and lines of credit made under this chapter to raise additional funds by selling, securing, hypothecating or otherwise using such loan proceeds as a financing vehicle if the funds raised are used by the authority for either of the following purposes:

(i) To make new and additional loans under this chapter.

(ii) To pay costs associated with financing.

(c) Additional powers.--In addition to the powers authorized under this chapter and 64 Pa.C.S. Ch. 11 (relating to Pennsylvania Industrial Development Authority), the board may administer the program by exercising the powers granted to it under the act of May 17, 1956 (1955 P.L.1609, No.537), known as the Pennsylvania Industrial Development Authority Act. (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)

Amendment. Act 161 amended the section heading and subsecs. (a) intro. par. and (4), (b) intro. par., (1) and (3), added subsecs. (a)(6) and (c) and deleted subsec. (a)(5).
12 Pa.C.S. § 3007 — PA Code / Title 12 / Chapter 30 / Section 3007
Loans for industrial parks.
Status: in_force

The authority may contract to loan an amount not to exceed 75% of the cost of establishing an industrial park project, subject to the following conditions:

(1) The authority shall determine the interest rate and repayment period of the loan.

(2) The loan must be evidenced by note of the borrower and secured by a first mortgage on the industrial park or by participation in a first mortgage. If a Federal agency participates in the financing of the industrial park, the authority may take as security for its loan a mortgage on the industrial park which is second only to the mortgage given to the Federal agency.

(3) If the loan is secured by participation in a first mortgage on the industrial park, a portion of the loan, not to exceed 10% of the cost of the project, may be secured by a second mortgage on the industrial park which is second only to the participating first mortgage.
12 Pa.C.S. § 3403 — PA Code / Title 12 / Chapter 34 / Section 3403
Establishment.
Status: in_force

There is established within the department a program to be known as the Infrastructure and Facilities Improvement Program. The program shall enhance the economic development of the Commonwealth by providing financial assistance in the form of multiyear grants to issuing authorities toward payment of debt service on projects.
12 Pa.C.S. § 5114 — PA Code / Title 12 / Chapter 51 / Section 5114
Relation to Electronic Signatures in Global and National Commerce Act.
Status: in_force

This chapter modifies, limits or supersedes the Electronic Signatures in Global and National Commerce Act (Public Law 106-229, 15 U.S.C. § 7001 et seq.), but does not modify, limit or supersede section 101(c) of the Electronic Signatures in Global and National Commerce Act or authorize electronic delivery of a notice described in section 103(b) of the Electronic Signatures in Global and National Commerce Act. (Dec. 22, 2017, P.L.1249, No.78, eff. 60 days) 2017 Amendment. Act 78 added section 5114. See section 7 of Act 78 in the appendix to this title for special provisions relating to applicability.
12 Pa.C.S. § 1509 — PA Code / Title 12 / Chapter 15 / Section 1509
Report.
Status: in_force

The commission shall report its findings, results and recommendations to the Governor and the General Assembly within one year of the commission's initial organizational meeting and by February 1 of each succeeding year for the activities in the preceding calendar year. The report shall be in writing and include recommendations as deemed appropriate by the commission to effectuate the commission's purposes. (Oct. 29, 2024, P.L.1056, No.116, eff. imd.) 2024 Amendment. Act 116 added section 1509.
12 Pa.C.S. § 3 — PA Code / Title 12 / Chapter 3 / Section 3
Construction and application of law.
Status: in_force

In applying and construing 12 Pa.C.S. Ch. 53, comments or reports of the type referred to in 1 Pa.C.S. § 1939 shall control in the event of a conflict between such comments or reports and the policy of uniformity provided under 1 Pa.C.S.
12 Pa.C.S. § 2311 — PA Code / Title 12 / Chapter 23 / Section 2311
Reporting and inspection.
Status: in_force

(a) Inspection.--An applicant or a recipient shall, upon request, permit authorized employees of the authority or its agent to inspect the plant, books and records of the applicant or recipient.

(b) Updating.--An applicant or a recipient shall provide updated information to the authority and its agents if conditions change or to the extent that the information originally given becomes inaccurate or misleading.

(c) Periodic reports.--A recipient shall provide the authority and its agents with such periodic financial reports as the authority may require until the loan is repaid in full.

(d) Financial and performance audits.--An agent of the authority shall annually submit to the authority, at the agent's expense, an independent financial audit. If the audit reveals misconduct of a material nature on the part of the agent, the authority shall take appropriate action. (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)
12 Pa.C.S. § 1506 — PA Code / Title 12 / Chapter 15 / Section 1506
Applicability.
Status: in_force

The following acts shall apply to the commission:

(1) The act of July 19, 1957 (P.L.1017, No.451), known as the State Adverse Interest Act.

(2) The act of February 14, 2008 (P.L.6, No.3), known as the Right-to-Know Law.

(3) The provisions of 65 Pa.C.S. Chs. 7 (relating to open meetings) and 11 (relating to ethics standards and financial disclosure). (Oct. 29, 2024, P.L.1056, No.116, eff. imd.) 2024 Amendment. Act 116 added section 1506.
12 Pa.C.S. § 4308 — PA Code / Title 12 / Chapter 43 / Section 4308
Collection of assessments.
Status: in_force

The following apply:

(1) The governing body of a municipality or county that establishes a district is required to collect the assessments for that district using their present tax collection process and remit for payment of the local financing or owner financing.

(2) The assessment shall be made only upon the qualifying commercial property whose owner has executed a written agreement with the governing body agreeing to the assessment and the entity providing financing for the qualified project. The entity providing financing for the qualified project may require the property owner to escrow or otherwise provide for the maintenance, repairs and insurance of the qualified project during the term of the assessment. A property owner or subsequent purchaser of a qualifying commercial property with an assessment may prepay the total assessment amount by paying the principal amount financed, accrued interest, fees, charges and any prepayment penalties as specified in the financing agreement and, upon prepayment, the assessment shall be released.

(3) Proceeds may only be used to fund a local financing or an owner financing and lasts only for the term of the local financing or owner financing. (July 7, 2022, P.L.470, No.43, eff. 60 days) 2022 Amendment. Act 43 amended par. (2).
12 Pa.C.S. § 6229 — PA Code / Title 12 / Chapter 62 / Section 6229
Transfer.
Status: in_force

(a) Installment seller.--An installment seller of a motor vehicle under an installment sale contract executed in this Commonwealth may not sell, transfer or assign the obligation represented by the contract to a person in this Commonwealth

or elsewhere unless the person is licensed as a sales finance company under this chapter.

(b) Sales finance company.--A sales finance company licensed under this chapter may not sell, transfer or assign the obligation represented by an installment sale contract executed in this Commonwealth, which it has lawfully acquired, to a person in this Commonwealth or elsewhere unless the person is licensed as a sales finance company under this chapter.

(c) Notice; effect on subsequent holder.--If an installment sale contract is lawfully sold, transferred or assigned to a person who is licensed as a sales finance company under this chapter, the buyer's payment or tender of payment made to and service of notice on the last known holder is binding on a subsequent holder until the new holder furnishes to the buyer a written notice of the sale, transfer or assignment that sets forth the name and address of the new holder authorized to receive future payments on the contract.

(d) Default; notice; effect on subsequent holder.--

(1) If an installment sale contract lawfully acquired by a sales finance company is in default, the holder may resell, retransfer or reassign the contract to the installment seller from whom the contract was originally acquired.

(2) The buyer's payment or tender of payment made to and service of notice on the last known holder is binding on a subsequent holder until the new holder furnishes to the buyer a written notice of the resale, retransfer or reassignment that sets forth the following:

(i) The name and address of the new holder authorized to receive future payments on the contract.

(ii) The unpaid time balance.

(iii) The accrued late charges due under the contract.

(e) Applicability.--

(1) This section does not apply to an assignment of an aggregation of installment sale contracts:

(i) which is executed by a seller or sales finance company only as a security interest securing payment or performance of a bona fide commercial loan, obtained at lawful rates of interest from a person regularly engaged in the business of lending money on the security of the assigned collateral or amounts due pursuant to a security or debt instrument; and

(ii) under which, in the absence of default or other bona fide breach of the loan contract:

(A) ownership of the assigned contracts remains vested in the assignor; and

(B) collection of payments on the assigned contracts is made by the assignor.

(2) An assignment of an aggregation of loan contracts under this section may not be for the purpose of evading or circumventing the provisions of this chapter. Cross References. Section 6229 is referred to in section 6202 of this title.
12 Pa.C.S. § 4 — PA Code / Title 12 / Chapter 4 / Section 4
Retroactivity.
Status: in_force

The addition of 12 Pa.C.S. Ch. 32 shall apply retroactively to January 1, 2024. Explanatory Note. Act 116 amended or added Chapters 15 and 32 of Title 12.
12 Pa.C.S. § 503 — PA Code / Title 12 / Chapter 5 / Section 503
Small Business Council.
Status: in_force

(a) Establishment.--There is established within the department an agency to be known as the Small Business Council. The council shall do all of the following:

(1) Assist with the development of policies and regulations which affect small businesses within this Commonwealth.

(2) Provide advice relating to the nature of small business practices and problems in this Commonwealth.

(3) Provide a review of existing and proposed policies and regulations which are relevant to small business.

(b) Composition.--The council shall be composed of 13 members. The secretary shall serve ex officio. Twelve members shall be appointed as follows:

(1) Four individuals appointed by the Governor.

(2) Two individuals appointed by the President pro tempore of the Senate.

(3) Two individuals appointed by the Minority Leader of the Senate.

(4) Two individuals appointed by the Speaker of the House of Representatives.

(5) Two individuals appointed by the Minority Leader of the House of Representatives.

(c) Qualifications.--In order to be eligible for appointment to the council, an individual must:

(1) have a background in improving small businesses; and

(2) be one of the following:

(i) a present owner or operator of a small business within this Commonwealth;

(ii) a member of the academic community who has expertise regarding small business practices; or

(iii) a professional who specializes in representing small businesses.

(d) Term.--Each member of the council shall serve for a period of two years.

(e) Organization.--The secretary shall serve as chairperson.

(f) Meetings.--The council shall meet at the call of the chairperson.

(g) Quorum.--A majority of the board shall constitute a quorum. A majority of the members present shall be necessary to transact business on behalf of the council.

(h) Expenses.--A member shall not receive compensation or remuneration but shall be entitled to reimbursement for all reasonable and necessary actual expenses.

(i) Administrative assistance.--The department shall do all of the following:

(1) Provide administrative and technical support to the council.

(2) Publish notice of council meetings in accordance with 65 Pa.C.S. Ch. 7 (relating to open meetings).

(3) Maintain a mailing list of persons who have requested specific notification of meetings and activities of the council.

(4) Designate a deputy secretary to attend council meetings and to serve as the public's liaison of the council.

(j) Cooperation.--Upon the council's request, an executive agency shall provide the council with officially promulgated regulatory and nonregulatory documents which regulate or would regulate small businesses. Cross References. Section 503 is referred to in section 502 of this title.
12 Pa.C.S. § 3903 — PA Code / Title 12 / Chapter 39 / Section 3903
Establishment.
Status: in_force

There is established within the department a program to be known as the Water Supply and Wastewater Infrastructure Capitalization Program. The program shall finance single-year or multiyear grants to municipalities and municipal authorities and loans to municipalities, municipal authorities, industrial development corporations and investor-owned water or wastewater enterprises for water projects which are approved by the authority, which, when completed, construct, expand or improve water and wastewater infrastructure and which are related to economic development.
12 Pa.C.S. § 5102 — PA Code / Title 12 / Chapter 51 / Section 5102
Insolvency.
Status: in_force

(a) General rule.--A debtor is insolvent if, at fair valuation, the sum of the debtor's debts is greater than the sum of the debtor's assets.

(b) Presumption of insolvency.--A debtor that is generally not paying the debtor's debts as they become due other than as a result of a bona fide dispute is presumed to be insolvent. The presumption imposes on the party against which the presumption is directed the burden of proving that the nonexistence of insolvency is more probable than its existence.

(c) Exclusion of certain assets.--Assets under this section do not include property that has been transferred, concealed or removed with intent to hinder, delay or defraud creditors or that has been transferred in a manner making the transfer voidable under this chapter.

(d) Exclusion of certain debts.--Debts under this section do not include an obligation to the extent it is secured by a valid lien on property of the debtor not included as an asset.

(e) Exclusion of certain debts.--((e) relettered to (d)). (Dec. 22, 2017, P.L.1249, No.78, eff. 60 days)

Amendment. See section 7 of Act 78 in the appendix to this title for special provisions relating to applicability. Cross References. Section 5102 is referred to in section 5105 of this title.
12 Pa.C.S. § 6332 — PA Code / Title 12 / Chapter 63 / Section 6332
Requirements.
Status: in_force

(a) Signature.--A seller may not obtain the signature of a buyer on an application for an open-end credit agreement if it contains blank spaces to be filled in after it has been signed.

(b) Separate agreement unnecessary.--A buyer does not need to sign a separate account agreement when a new purchase is made under an existing agreement.

(c) Heading.--The following heading shall appear at the top of the agreement or directly above the space reserved for the signature of the buyer:

(1) "Security Agreement" if the seller retains a security interest in the goods as security for the goods or services purchased.

(2) "Lien Contract" if the seller obtains a lien on other goods or nonresidential real estate as security for the goods or services purchased.

(3) "Open-End Credit Agreement" if the seller does not obtain security for the goods or services purchased.

(d) Entire agreement.--The written agreement shall contain the entire agreement of the parties regarding the costs and terms of payment for the goods and services.
12 Pa.C.S. § 6201 — PA Code / Title 12 / Chapter 62 / Section 6201
Scope of chapter.
Status: in_force

This chapter relates to motor vehicle sales finance.
12 Pa.C.S. § 5303 — PA Code / Title 12 / Chapter 53 / Section 5303
Injunctive relief.
Status: in_force

(a) Injunctions.--Actual or threatened misappropriation may be enjoined. Upon application to the court, an injunction shall be terminated when the trade secret has ceased to exist, but the injunction may be continued for an additional reasonable period of time in order to eliminate commercial advantage that otherwise would be derived from the misappropriation.

(b) Exceptional circumstances.--In exceptional circumstances, an injunction may condition future use upon payment of a reasonable royalty for no longer than the period of time for which use could have been prohibited. Exceptional circumstances include, but are not limited to, a material and prejudicial change of position prior to acquiring knowledge or reason to know of misappropriation that renders a prohibitive injunction inequitable.

(c) Affirmative acts compelled by court order.--In appropriate circumstances, affirmative acts to protect a trade secret may be compelled by court order.
12 Pa.C.S. § 6215 — PA Code / Title 12 / Chapter 62 / Section 6215
License certificate.
Status: in_force

(a) Issuance.--If the department approves an applicant's license application, it shall issue to the applicant a license certificate showing the name and address of the person authorized to do business under the license.

(b) Public inspection.--

(1) An installment seller and a sales finance company shall post the license certificate in a conspicuous place in the place of business of the licensee so that the certificate is in full view of the public at all times.

(2) A collector-repossessor shall carry the license certificate in the immediate possession of the collector-repossessor whenever engaged in the type of business for which the license is issued so that the certificate may be presented for inspection upon request by any person entitled to inspection.

(c) Amendment.--

(1) A licensee desiring to change the address of the place of business shall:

(i) give prior written notice to the department;

(ii) return the license certificate to the department for amendment; and

(iii) retain a copy of the license certificate.

(2) The department shall amend the license certificate to show the new address and the date. The new address shall thereafter be the authorized address of the licensee.

(3) A licensee is not required to pay a charge for amendment of a license certificate to effect a change of address.
12 Pa.C.S. § 6224 — PA Code / Title 12 / Chapter 62 / Section 6224
Itemization.
Status: in_force

Costs and charges under sections 6222 (relating to contents) and 6242 (relating to other costs included in amount financed) shall be separately itemized in an installment sale contract as to their nature and amounts.
12 Pa.C.S. § 2904 — PA Code / Title 12 / Chapter 29 / Section 2904
Machinery and Equipment Loan Fund.
Status: in_force

(a) Creation.--There is created a special account in the Treasury Department, to be known as the Machinery and Equipment Loan Fund, to which shall be credited all program appropriations made by the General Assembly, all proceeds from loan repayments and any and all other deposits, payments or contributions from any other source made available to the fund. The fund shall operate as a revolving fund whereby all appropriations, payments and interest made thereto may be applied and reapplied to the purposes of this chapter.

(b) Credits to fund.--All appropriations, deposits and contributions made to the fund shall be immediately credited in full to the fund, and earnings on the moneys held in the fund shall also be credited to the fund for the purposes of this chapter. Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2904 shall take effect upon publication of the guidelines required by section 2912. Cross References. Section 2904 is referred to in sections 1102, 1544 of Title 64 (Public Authorities and Quasi-Public Corporations).
12 Pa.C.S. § 5613 — PA Code / Title 12 / Chapter 56 / Section 5613
Right of owner to purchase.
Status: in_force

At a sale of personal property, the owner may purchase the personal property to enforce the owner's lien.
12 Pa.C.S. § 6354 — PA Code / Title 12 / Chapter 63 / Section 6354
Corrections.
Status: in_force

(a) General rule.--Notwithstanding the provisions of this chapter and subject to subsection (b), a seller or holder may correct a failure to comply with a provision of this chapter in accordance with this section unless a willful violation has occurred.

(b) Concurrence by buyer.--A correction that will increase the amount owed by the buyer or the amount of a payment is not permitted unless the buyer concurs in writing with the correction.

(c) No liability.--If a seller or holder corrects a violation in accordance with this section, the seller and holder are not subject to penalty under this subchapter.

(d) Delivery.--Within 30 days of the execution of the original closed-end credit agreement or open-end credit agreement by the buyer, a correction may be delivered to the buyer in the form of a corrected copy of the agreement.

(e) Credit.--An amount improperly collected from the buyer shall be:

(1) credited against the indebtedness evidenced by the agreement; or

(2) refunded to the buyer if the debt has already been satisfied.
12 Pa.C.S. § 5617 — PA Code / Title 12 / Chapter 56 / Section 5617
Effect of unsigned rental agreement.
Status: in_force

If, within 30 days of the delivery of a written rental agreement from the owner to the occupant by hand delivery, first-class mail or email, the occupant fails to sign the rental agreement, the occupant's payment of rent or continued use of the leased space shall be deemed an acceptance of the rental agreement and the rental agreement shall be enforceable against the occupant as if the rental agreement had been signed by the occupant.
12 Pa.C.S. § 302 — PA Code / Title 12 / Chapter 3 / Section 302
Definitions.
Status: in_force

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Economic development program." A program which is administered by the department, including programs administered or staffed by the department, and which provides financial assistance for economic development to persons. The term includes all of the following:

(1) Any program created under Part III (relating to economic development programs).

(2) Any program of an entity created under 64 Pa.C.S. Pt. II (relating to economic development financing).

(3) The Pennsylvania Industrial Development Authority.

(4) The Pennsylvania Minority Business Development Authority.

(5) The Infrastructure Development Program.

(6) The Industrial Sites Reuse Program.

(7) The tax credit programs established in Articles XVII-B and XVIII-B of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971. (Oct. 22, 2014, P.L.2569, No.161, eff. 60 days)
12 Pa.C.S. § 6347 — PA Code / Title 12 / Chapter 63 / Section 6347
Extension and deferment.
Status: in_force

(a) General rule.--Upon agreement with the buyer, the holder of a closed-end credit agreement or an open-end credit agreement may extend the scheduled due date or defer the scheduled payment of all or part of an installment payable under the agreement.

(b) Charges.--

(1) A charge may not be made for an extension or a deferment unless the extension or deferment agreement is in writing and signed by the parties.

(2) Subject to paragraph (3), the holder may contract for and collect the payment of an extension or deferment charge from the buyer.

(3) Except as provided in paragraph (4), the charge under paragraph (2) may not exceed an amount equal to 1.5% per month simple interest on the full amount or part of the installment for the extension or deferment period, which may not exceed the period:

(i) from the date when the extended or deferred installment would have been payable in the absence of the extension or deferment; and

(ii) to the date when the installment is made payable under the extension or deferment agreement.

(4) A minimum charge of $10 for the extension or deferment period may be made if the computed extension or deferment charge amounts to less than $10.

(5) Subject to section 6342 (relating to insurance), the agreement may provide for payment of the additional cost of or premiums for continuing insurance coverage under the agreement until the end of the extension or deferment period. Cross References. Section 6347 is referred to in sections 6302, 6309, 6352, 6353 of this title.
12 Pa.C.S. § 5105 — PA Code / Title 12 / Chapter 51 / Section 5105
Transfer or obligation voidable as to present creditor.
Status: in_force

(a) General rule.--A transfer made or obligation incurred by a debtor is voidable as to a creditor whose claim arose before the transfer was made or the obligation was incurred if the debtor made the transfer or incurred the obligation without receiving a reasonably equivalent value in exchange for the transfer or obligation and the debtor was insolvent at that time or the debtor became insolvent as a result of the transfer or obligation.

(b) Burden of proof.--Subject to section 5102(b) (relating to insolvency), a creditor making a claim for relief under subsection (a) has the burden of proving the elements of the claim for relief by a preponderance of the evidence. (Dec. 22, 2017, P.L.1249, No.78, eff. 60 days) 2017 Amendment. See section 7 of Act 78 in the appendix to this title for special provisions relating to applicability. Cross References. Section 5105 is referred to in sections 5103, 5108, 5109 of this title.
12 Pa.C.S. § 5701 — PA Code / Title 12 / Chapter 57 / Section 5701
Legislative intent.
Status: in_force

The intent of this chapter is to authorize and provide a regulatory framework for financial institutions to conduct savings promotion programs to encourage robust saving habits and improve financial literacy.
12 Pa.C.S. § 301 — PA Code / Title 12 / Chapter 3 / Section 301
Scope.
Status: in_force

This chapter relates to the development of an annual economic development financing strategy.
12 Pa.C.S. § 405 — PA Code / Title 12 / Chapter 4 / Section 405
Report.
Status: in_force

The commission shall report its activities no less than quarterly to the Governor or the Governor's designated representative and annually to the General Assembly.