Loan Interest & Protection Law ("Act 6") - 41 P.S. ยง 101 et seq.

Section 201 - Maximum Lawful Interest Rate

06/26/97
Installment Sale of a Boat Trailer
An installment sale of a boat trailer is subject to the provisions of the Motor Vehicle Sales Finance Act and is specifically excluded from the provisions of the Goods and Services Installment Sales Act.

Section 301-Residential Mortgage Interest Rates

06/26/97
Installment Sale of a Boat Trailer
An installment sale of a boat trailer is subject to the provisions of the Motor Vehicle Sales Finance Act and is specifically excluded from the provisions of the Goods and Services Installment Sales Act.

Section 405-Prepayment Penalty Prohibited

12/15/03
Prepayment Penalties on First and Secondary Mortgage Loans
Letter states that, notwithstanding prior interpretations, a prepayment penalty may not be charged on a residential first or secondary mortgage loan in an original principal amount of $50,000 or less.