{"data":{"id":"us-pa/12-pa.c.s.-6226","jurisdiction":"us-pa","citation":"12 Pa.C.S. § 6226","heading":"Heavy commercial motor vehicle.","body":"(a) Variable finance charge percentage rate.--Notwithstanding any provision of law to the contrary, the finance charge percentage rate included in an installment sale contract for the sale of a heavy commercial motor vehicle may vary during the term of the contract pursuant to a formula or index set forth in the contract that is made readily available to and verifiable by the buyer and beyond the control of the holder of the contract.\n(b) Determinations.--Notwithstanding that the finance charge percentage rate may increase or decrease over the term of the contract according to a formula or index set forth in the contract, the rate applicable to the transaction as of the date of execution of the contract may be used to determine the following:\n(1) The amount of finance charge under section 6222(5)(vii) (relating to contents).\n(2) The time balance under section 6222(5)(viii).\n(3) The payment schedule under section 6222(5)(ix).","path":["Title 12 - COMMERCE AND TRADE","PART V CONSUMER CREDIT","CHAPTER 62 MOTOR VEHICLE SALES FINANCE","SUBCHAPTER C INSTALLMENT SALE CONTRACTS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=12\u0026div=0\u0026chpt=62\u0026sctn=26\u0026subsctn=0","current_through":"2026-08-31 (Statute Update stamp, 12 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:30:58Z","sha256":"d6f977c72282a1eff489faea7cb5133b95464f95bc69dc928b2aa67547bfd6c7","source_id":"us-pa","stale":false,"prev":"us-pa/12-pa.c.s.-6225","next":"us-pa/12-pa.c.s.-6227"},"notice":"GroundRules: Original legal text. Not legal advice."}