§ 7312. Debt pooling
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 18 Pa.C.S.A. Crimes and OffensesEffective: December 18, 2007
Effective: December 18, 2007
18 Pa.C.S.A. § 7312
§ 7312. Debt pooling
“Creditor.” A person to whom a debt or obligation is owed from another whether such is payable in installments or otherwise.
“Debtor.” A person who owes an obligation or debt to another whether such is repayable in installments or otherwise.
“Debt pooling.” The making of a contract, express or implied, with a debtor or debtors whereby the debtor agrees to pay a sum of money periodically or otherwise to another person for the purpose of having such other person distribute the same among certain specified creditors in accordance with a plan agreed upon, or to be agreed upon, and whereby such other person shall receive a consideration for any such services rendered, or to be rendered, in connection therewith.
Credits
1972, Dec. 6, P.L. 1482, No. 334, § 1, effective June 6, 1973. Amended 2007, Dec. 18, P.L. 462, No. 70, § 1, imd. effective.
18 Pa.C.S.A. § 7312, PA ST 18 Pa.C.S.A. § 7312
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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