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§ 503. Reasonable attorney's fees recoverable

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 41 P.S. Interest

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 41 P.S. Interest (Refs & Annos)
Maximum Interest Rates (Refs & Annos)
Article V. Remedies and Penalties (Refs & Annos)
41 P.S. § 503
§ 503. Reasonable attorney's fees recoverable
Currentness
(a) If a borrower or debtor, including but not limited to a residential mortgage debtor, prevails in an action arising under this act, he shall recover the aggregate amount of costs and expenses determined by the court to have been reasonably incurred on his behalf in connection with the prosecution of such action, together with a reasonable amount for attorney's fee.
(b) The award of attorney's fees shall be in an amount sufficient to compensate attorneys representing debtors in actions arising under this act as provided in subsection (a) of this section. In determining the amount of the fee, the court may consider:
(1) The time and labor required, the novelty and difficulty of the questions involved and the skill requisite properly to conduct the case.
(2) The customary charges of the members of the bar for similar services.
(3) The amount involved in the controversy and the benefits resulting to the client or clients from the services.
(4) The contingency or the certainty of the compensation.
(c) Any time attorneys' fees are awarded pursuant to any provision of this act, a borrower or debtor shall not be entitled to duplicate recovery of attorneys' fees under this section, sections 407 or 504 or any other provision of this act.

Credits

1974, Jan. 30, P.L. 13, No. 6, § 503, imd. effective.
41 P.S. § 503, PA ST 41 P.S. § 503
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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