§ 6216.1. Certain advertising restricted
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking
7 P.S. § 6216.1
§ 6216.1. Certain advertising restricted
Advertisement by use of a negotiable check, money order, draft, or other instrument which may be used for the transfer of funds is restricted, unless (i) the instrument is negotiable for not more than six (6) months, and the consumer is advised to destroy the instrument if it is not going to be negotiated, and (ii) the solicitation, or any document physically attached to the solicitation, prominently contains the following statement in ten-point print:
“THIS IS A SOLICITATION FOR A LOAN--READ THE ENCLOSED DISCLOSURES BEFORE SIGNING THIS CHECK!”
Credits
1937, April 8, P.L. 262, No. 66, § 16.1, added by 1994, Dec. 12, P.L. 1060, No. 144, § 4, imd. effective.
7 P.S. § 6216.1, PA ST 7 P.S. § 6216.1
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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