Section 1326. Definitions. Scope

(a) As used in this chapter,

‘‘arbitration’’ means statutory arbitration pursuant to Section 7301 et seq. of the Judicial Code, 42 Pa.C.S. § 7301 et seq., known as the Uniform Arbitration Act, or common law arbitration pursuant to Section 7341 et seq. of the Judicial Code, 42 Pa.C.S. § 7341 et seq;

‘‘arbitrator’’ includes a board of arbitrators;

‘‘consumer credit transaction’’ means a credit transaction in which the party to whom credit is offered or extended is a natural person and the money, property or services which are the subject of the transaction are primarily for personal, family or household purposes.

(b) The rules of this chapter shall govern proceedings to compel arbitration and confirm an arbitration award entered in a claim arising from a consumer credit transaction.

The provisions of this Rule 1326 adopted December 28, 2005, effective February 1, 2006, 36 Pa.B. 174.