12 Pa.C.S. Ch. 61

in effect

12 Pa.C.S. § 6101 Scope of part.

This part relates to consumer credit.

12 Pa.C.S. § 6102 Definitions.

The following words and phrases when used in this part shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Department." The Department of Banking and Securities of the Commonwealth. "Financial institution." A bank, bank and trust company, trust company, savings bank, private bank, savings association or credit union organized and doing business under the provisions of any law of this Commonwealth, another state or the United States. "Records." Books, accounts, papers, documents, files and other similar business records and information, including information that is: (1) stored in an electronic or other medium that uses technology having electrical, digital, magnetic, wireless optical, electromagnetic or similar capabilities; and (2) retrievable in perceivable form.

12 Pa.C.S. § 6103 Contracts and agreements.

(a) General rule.--A contract or agreement under this part shall be dated and in writing. (b) Clear and conspicuous provisions.--The headings, notices and language of a contract or agreement under this part shall be clear and conspicuous and meet the following requirements: (1) Except as otherwise provided in this subsection, the language in a contract or agreement under this part shall be in at least eight-point type. (2) A heading in a contract or agreement under this part shall be in at least ten-point bold type. (3) A notice or disclosure in a contract or agreement under this part shall be in at least ten-point bold type. (4) An acknowledgment under this part shall be in at least ten-point bold type.

12 Pa.C.S. § 6104 Electronic transactions.

(a) Effect on other law.--Nothing in this part shall be construed to supersede the provisions of the act of December 16, 1999 (P.L.971, No.69), known as the Electronic Transactions Act. (b) Department procedures.--The department may establish procedures for electronic transactions under this part, including: (1) the filing of applications and renewals for licenses and registrations; (2) the filing of reports and other required records; and (3) the verification of records and signatures on forms.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM&ttl=12Fetched: 10/16/2026