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§ 510. Prepayment; advance payment

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and Commerce

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 73 P.S. Trade and Commerce (Refs & Annos)
Chapter 14A. Contractor and Subcontractor Payment Act (Refs & Annos)
73 P.S. § 510
§ 510. Prepayment; advance payment
Currentness
This act shall not be construed to prohibit an owner, contractor or subcontractor from making advance payments or progress payments or from prepaying if an agreement or other circumstances make such payment appropriate. All payments shall be made when they are due and owing and if not so made shall bear interest at the rate provided for in section 5(d)1 from the date payment was due. The person who fails to make timely payment shall also be subject to the provisions of section 11.2

Credits

1994, Feb. 17, P.L. 73, No. 7, § 10, effective in 60 days.

Footnotes

1
73 P.S. § 505(d).
2
73 P.S. § 511.
73 P.S. § 510, PA ST 73 P.S. § 510
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document