69 Pa. Stat. § 1703
Current through Pa Acts 2024-53, 2024-56 through 2024-64
In the event a contract provides for the payment of any installment which is more than double the amount of the average of the preceding installments the buyer, upon default of this installment, shall be given an absolute right to obtain a new payment schedule. Unless agreed to by the buyer, the periodic payments under the new schedule shall not be greater than the average of the preceding installments.
69 P.S. § 1703