§ 6344. Costs of collection.
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§ 6344. Costs of collection.
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.
12c6344v
Cross References. Section 6344 is referred to in sections 6302, 6352, 6353 of this title.
12c6345s