The PLA and our preapproval apply only to consumer contracts as defined under section 3 of the PLA (73 P. S. § 2203). For the purpose of the PLA, a consumer contract is mainly limited to transactions primarily for personal, family or household purposes in amounts up to $50,000. In the opinion of the Attorney General, the PLA applies only to contracts executed after June 24, 1994, the effective date of the PLA.
37 Pa. Code § 307.3