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Pennsylvania Service Agreement
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Pennsylvania at a glance: Usury Cap: 6% default, commercial agreements are exempt · Governing Law: Pennsylvania Statutes Title 41
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Overview
Service Agreements in Pennsylvania
Pennsylvania service agreements are governed by Title 41 of the Pennsylvania Statutes. Late fees must comply with the 6% statutory cap unless written (41 P.S. § 201).
Key Facts
Pennsylvania Service Agreement — Quick Reference
| Requirement | Pennsylvania Rule |
|---|---|
| Usury Cap | 6% default, commercial agreements are exempt |
| Governing Law | Pennsylvania Statutes Title 41 |
Legal Requirements
Pennsylvania Legal Requirements
- Late fees exceeding 6% per year must be in writing to be enforceable.
Governing Laws
Pennsylvania Governing Laws
Read the full text of these laws at Cornell Law School's Pennsylvania legal resources or your state legislature's official website.
Questions & Answers
Pennsylvania Service Agreement — Frequently Asked Questions
What is the default contract interest rate in Pennsylvania?
The default rate is 6% per annum.