- (a) Each creditor to whom is owed in excess of $6,500 or the amount as adjusted under 65 Pa.C.S. § 1105(d) (relating to statement of financial interests) and § 19.5 (relating to reporting threshold adjustments) shall be reported.
- (b) Mortgages, home equity loans or other loans secured by a primary or secondary residence of the person filing need not be reported.
- (c) A joint obligation with other persons, for which the filer is responsible only for a proportional share that is less than the reporting threshold, is not required to be reported.
- (d) The joint obligation of a husband and wife shall be reported if within the reporting threshold.
- (e) An obligation within the reporting threshold for which a person acts as a guarantor for the person required to file shall be reported.
- (f) Loans or credit between the person required to file and the person’s spouse, parents, children, brothers or sisters are excluded.
- (g) No dollar amounts are required.
- (h) The interest rate for a reportable obligation shall be indicated.
- (i) A reportable creditor shall be identified by name and address.
Authority
The provisions of this § 17.3 amended under 65 Pa.C.S. § § 1105(b) and 1107(1).
Source
The provisions of this § 17.3 amended June 8, 2001, effective June 9, 2001, 31 Pa.B. 2925. Immediately preceding text appears at serial page (275994).
Cross References
This section cited in 51 Pa. Code § 19.5 (relating to reporting threshold adjustments).