An Act amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in motor vehicle sales finance, further providing for notice; and imposing penalties.

SB 483 requires car dealers in Pennsylvania to provide potential buyers with a clear, standardized "FINANCIAL DISCLOSURE" form before presenting a sales contract. This form must detail all finance charges, interest rates, total costs, monthly payments, and loan duration in plain language, including warnings about credit impacts, prepayment penalties, and how loan length affects costs. Dealers must explain the disclosure, get signatures, and wait one business day before finalizing the contract. Violations carry a $500 fine per incident and also violate Pennsylvania's Unfair Trade Practices Law. The bill applies to individual car buyers, excluding business-to-business transactions.