Section 1905 - Monthly statementThe seller or holder of a retail installment account shall promptly provide the buyer with a statement as of the end of each monthly period (which need not be a calendar month) setting forth the following:
(a) The balance due to the seller or holder from the buyer at the beginning of the monthly period.(b) The dollar amount of each purchase by the buyer during the monthly period and, (unless a sales slip or memorandum of each purchase has previously been furnished the buyer or is attached to the statement) the purchase or posting date, a brief description and the cash price of each purchase.(c) The payments made by the buyer to the seller or holder and any other credits to the buyer during the monthly period.(d) The amount of the service charge.(e) The total balance in the account at the end of the monthly period.(f) A legend to the effect that the buyer may at any time pay his total balance. The items need not be stated in the sequence or order set forth above; additional items may be included to explain the computations made in determining the amount to be paid by the buyer.
1966, Special Sess. No. 1, Oct. 28, P.L. 55, art. IX, § 905. Amended 1982, March 25, P.L. 199, No. 68, § 7, imd. effective.