Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 2204 - Application of act and interpretation(a) General rule.--This act applies to all contracts that are made, solicited or intended to be performed in this Commonwealth after the effective date of this act.(b) Exclusions.--This act does not apply to the following: (1) Real estate conveyance documents and contracts, deeds and mortgages, real estate certificates of title and title insurance contracts.(2) Consumer contracts involving amounts of more than $50,000.(4) Contracts to buy securities.(5) Documents used by financial institutions, which financial institutions are subject to examination or other supervision by Federal or State regulatory authorities, or documents used by affiliates, subsidiaries or service corporations of such financial institutions.(6) Contracts for insurance or insurance policies.(7) Contracts subject to examination or other supervision by the Pennsylvania Public Utility Commission or by the Federal Energy Regulatory Commission.(c) Interpretation.--This act shall be liberally interpreted to protect consumers. 1993, June 23, P.L. 128, No. 29, § 4, effective in one year.