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§ 9201. General effectiveness of security agreement

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: July 1, 2001

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 9. Secured Transactions (Refs & Annos)
Chapter 92. Effectiveness of Security Agreement, Attachment of Security Interest and Rights of Parties to Security Agreement
Subchapter A. Effectiveness and Attachment
Effective: July 1, 2001
13 Pa.C.S.A. § 9201
§ 9201. General effectiveness of security agreement
Currentness
(a) General effectiveness.--Except as otherwise provided in this title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral and against creditors.
(b) Applicable consumer laws and other law.--A transaction subject to this division is subject to:
(1) any applicable rule of law which establishes a different rule for consumers;
(2) any other statute or regulation of the Commonwealth which regulates the rates, charges, agreements and practices for loans, credit sales or other extensions of credit; and
(3) any consumer protection statute or regulation of the Commonwealth.
(c) Other applicable law controls.--In case of conflict between this division and a rule of law, statute or regulation described in subsection (b), the rule of law, statute or regulation controls. Failure to comply with a statute or regulation described in subsection (b) has only the effect the statute or regulation specifies.
(d) Further deference to other applicable law.--This division does not:
(1) validate any rate, charge, agreement or practice which violates a rule of law, statute or regulation described in subsection (b); or
(2) extend the application of the rule of law, statute or regulation to a transaction not otherwise subject to it.

Credits

2001, June 8, P.L. 123, No. 18, § 16, effective July 1, 2001.
13 Pa.C.S.A. § 9201, PA ST 13 Pa.C.S.A. § 9201
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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