§ 6907. Rent reduction
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 42 Pa.C.S.A. Judiciary and Judicial Procedure
42 Pa.C.S.A. § 6907
§ 6907. Rent reduction
(a) General rule.--If any lessee who has signed a rental-purchase agreement experiences an interruption or reduction of 25% or more of income due to involuntary job loss, involuntary reduced employment, illness, pregnancy or disability after two-thirds or more of the total amount of the rental payments necessary to acquire ownership under the agreement has been paid, the lessor shall reduce the amount of each rental payment by:
(b) Number of payments.--If payments are reduced, the total dollar amount of payments necessary to acquire ownership shall not be increased, but the number of payments necessary to acquire ownership shall be increased accordingly and the rights and duties of the lessor and the lessee shall not otherwise be affected.
Credits
1996, July 11, P.L. 607, No. 104, § 6, effective in 60 days.
42 Pa.C.S.A. § 6907, PA ST 42 Pa.C.S.A. § 6907
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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