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§ 908. Allocation of monthly payments

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 68 P.S. Real and Personal Property

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 68 P.S. Real and Personal Property (Refs & Annos)
Chapter 20. Installment Land Contract Law (Refs & Annos)
68 P.S. § 908
§ 908. Allocation of monthly payments
In determining what portion of the monthly installments shall be applied against principal on account of the purchase price, there shall first be deducted all items authorized under the agreement of sale, such as taxes, water and sewer rentals, interest on the unpaid balance of purchase price, cost of all insurance premiums, repairs and assessments authorized under the terms of the agreement and the net balance thereof shall be applied to principal.

Credits

1965, June 8, P.L. 115, No. 81, § 8.
68 P.S. § 908, PA ST 68 P.S. § 908
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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