12 Pa. C.S. § 6314

Current through P.A. Acts 2023-66

Section 6314 - Acknowledgment of payment in full

Upon a buyer's request and after the payment of all sums for which the buyer is obligated under a closed-end credit agreement or an open-end credit agreement, the holder shall deliver or mail to the buyer at the buyer's last known address an instrument that:

(1) Acknowledges that the obligation of the buyer under the agreement has been paid in full.

(2) Releases all security in the goods under the agreement.

12 Pa.C.S. § 6314

Added by P.L. 1081 2013 No. 98, § 4, eff. 11/27/2014.