Pennsylvania § 6231 - Payment receipts.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 6231 — Payment receipts., with citation guidance and answers to common questions.
§ 6231. Payment receipts.
(a) When necessary.--When payment is made on an installment sale contract, the person receiving the payment shall, at the time of receiving the payment, furnish a complete written payment receipt to the buyer or individual making the payment on behalf of the buyer if:
(1) the buyer requests such receipt; or
(2) payment is made in cash.
(b) Contents.--The payment receipt shall contain the following:
(1) The date, amount and nature of the payment.
(2) An identification of the obligation to which the payment is applicable.
(3) The signature or initials of the person receiving the payment on behalf of the holder.
(4) The unpaid time balance remaining due after crediting the payment.
(5) The amount attributed to late charges, independent of the payment applied to the reduction of the time balance.
(c) Self-addressed stamped envelope.--The holder may require the buyer to supply a self-addressed stamped envelope as a condition of mailing the receipt if the buyer:
(1) elects to make a payment by mail; and
(2) is previously notified of the need for the envelope.
Frequently Asked Questions About Pennsylvania § 6231
What does Pennsylvania Consolidated Statutes § 6231 cover?
Section 6231 ("Payment receipts.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 6231?
A common citation format is "Pennsylvania Consolidated Statutes § 6231" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 6231 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.