Section 63.5. Charge for reports to police

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A $1 charge per pledge may be assessed and collected by a licensee to cover only those governmental reporting costs pertaining to reports required to be issued by a licensee to the local or State police pertaining to that pledge, or as otherwise permitted by the Secretary. The $1 fee may be collected at the time the loan is made, or may be financed as part of the loan, in which latter case interest and charges on the $1 may be made by the licensee consistent with the act.

The provisions of this § 63.5 adopted December 26, 1997, effective December 27, 1997, 27 Pa.B. 6796.

                    
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