Pennsylvania § 6314 - Acknowledgment of payment in full.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 6314 — Acknowledgment of payment in full., with citation guidance and answers to common questions.
§ 6314. Acknowledgment of payment in full.
Upon a buyer's request and after the payment of all sums for which the buyer is obligated under a closed-end credit agreement or an open-end credit agreement, the holder shall deliver or mail to the buyer at the buyer's last known address an instrument that:
(1) Acknowledges that the obligation of the buyer under the agreement has been paid in full.
(2) Releases all security in the goods under the agreement.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 6314
What does Pennsylvania Consolidated Statutes § 6314 cover?
Section 6314 ("Acknowledgment of payment in full.") 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 § 6314?
A common citation format is "Pennsylvania Consolidated Statutes § 6314" (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 § 6314 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.