Pennsylvania Regulations
Comprehensive guide to seller financing laws, usury limits, and disclosure requirements in Pennsylvania.
Maximum Interest Rate
6%
Business exemptions may apply
Maximum Rate
6%
Penalty Type
Forfeiture of interest
Notes
General usury is 6%, but residential mortgages may charge 2.5% above T-bill rates.
Business Exemption
Business loans and loans over $50,000 are exempt. Residential mortgages have special rules.
Required Disclosures
- Seller's Property Disclosure Statement
- Lead-based paint disclosure (pre-1978)
Licensing Required
No license required for seller financing own property.
- Pennsylvania Unfair Trade Practices and Consumer Protection Law
- Mortgage state (judicial foreclosure)
- Act 91 notice required 30 days before foreclosure
- No statutory redemption after sale
Legal Disclaimer
This information about Pennsylvania regulations is provided for educational purposes only and does not constitute legal or tax advice. Laws change frequently and vary by county and municipality. Always verify current regulations with a licensed Pennsylvania attorney before entering into any seller financing arrangement.