Pennsylvania Code
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COMMONWEALTH OF PENNSYLVANIA

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10 Pa. Code § 63.15. Partial payments.

§ 63.15. Partial payments.

 (a)  Partial payments on account of accrued charges may be accepted. If such a partial payment is made, receipt shall be shown by either:

   (1)  entering the receipt on the reverse side of the pledgor’s copy of the pawn ticket and on the licensee’s records; or

   (2)  issuance of a renewal pawn ticket.

 (b)  Partial payments on account of principal, with payment of all accrued charges, shall operate as a renewal loan. The licensee shall issue a new pawn ticket for the reduced principal amount.


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