{"data":{"id":"us-pa/12-pa.c.s.-6343","jurisdiction":"us-pa","citation":"12 Pa.C.S. § 6343","heading":"Late fees.","body":"(a) Closed-end credit agreement.--\n(1) A closed-end credit agreement may provide for the payment by the buyer of a late fee on each installment in default for a period of not less than ten days in an amount not in excess of 5% of the installment or $10, whichever is less.\n(2) Only one late fee may be collected on an installment regardless of the period that it remains in default.\n(b) Open-end credit agreement.--A late fee may be assessed on an open-end credit agreement regarding each minimum payment not paid in full on the payment due date of the statement on which the minimum payment first appears.","path":["Title 12 - COMMERCE AND TRADE","PART V CONSUMER CREDIT","CHAPTER 63 GOODS AND SERVICES INSTALLMENT SALES","SUBCHAPTER D COSTS AND CHARGES"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=12\u0026div=0\u0026chpt=63\u0026sctn=43\u0026subsctn=0","current_through":"2026-08-31 (Statute Update stamp, 12 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:30:58Z","sha256":"b412b794e4b5314f51c3ced59fac1e94d5fbe4508e4afa8d583ae44407559eee","source_id":"us-pa","stale":false,"prev":"us-pa/12-pa.c.s.-6342","next":"us-pa/12-pa.c.s.-6344"},"notice":"GroundRules: Original legal text. Not legal advice."}