Pennsylvania § 6325 - Purchase money loan; notice.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 6325 — Purchase money loan; notice., with citation guidance and answers to common questions.
§ 6325. Purchase money loan; notice.
(a) General rule.--Unless an instrument that evidences or embodies a debt arising from a purchase money loan contains the notice under subsection (b):
(1) a purchase money lender may not take or receive the instrument; and
(2) a seller may not accept the proceeds of the purchase money loan as full or partial payment for the sale.
(b) Notice.--An instrument under subsection (a) shall contain the following notice:
NOTICE
A holder of this agreement is subject to all the claims and defenses that the buyer could assert against the seller of goods or services obtained with the proceeds of this agreement. Recovery under this agreement by the buyer may not exceed the amount paid by the buyer under the agreement.
(c) Definitions.--As used in this section, the following words and phrases shall have the meanings given to them in this subsection:
"Purchase money lender." Either a seller or financing agency making or extending a purchase money loan.
"Purchase money loan." An advance that is received by a buyer in return for a finance charge or interest that is applied to a purchase of goods or services from a seller who is affiliated, by common control or business arrangement, with the person extending the credit to the buyer.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 6325
What does Pennsylvania Consolidated Statutes § 6325 cover?
Section 6325 ("Purchase money loan; notice.") 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 § 6325?
A common citation format is "Pennsylvania Consolidated Statutes § 6325" (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 § 6325 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.