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§ 2503. Nonapplicability

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 63 P.S. Professions and Occupations (State Licensed)Effective: November 1, 2014

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 63 P.S. Professions and Occupations (State Licensed) (Refs & Annos)
Chapter 40. Debt Settlement Services Act
Chapter 1. Preliminary Provisions
Effective: November 1, 2014
63 P.S. § 2503
§ 2503. Nonapplicability
Currentness
This act does not apply to the following persons or their employees when the person or the employee is engaged in the regular course of the person's business or profession:
(1) A judicial officer, a person acting under an order of a court or an administrative agency or an assignee for the benefit of creditors.
(2) A bank, bank holding company or the subsidiary, agent or affiliate of either, or a credit union or other financial institution chartered under Federal or State law.
(3) A title insurer, escrow company or other person that provides bill-paying services if the provision of debt settlement services is incidental to the bill-paying services.
(4) A licensee under the act of October 9, 2008 (P.L. 1421, No. 117),1 known as the Debt Management Services Act, when the provision of debt settlement services is incidental to the provision of debt management services.
(5) An attorney not otherwise engaged in or holding himself or herself out to the public as being engaged in debt settlement services who acts as an intermediary between an individual and one or more of the individual's creditors in the normal course of legal practice. This paragraph shall not apply if the attorney is compensated by a provider.

Credits

2014, July 9, P.L. 1022, No. 118, § 103, effective Nov. 1, 2014.

Footnotes

1
63 P.S. § 2401 et seq.
63 P.S. § 2503, PA ST 63 P.S. § 2503
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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