Rule Text
As used in this chapter
‘‘action’’ means a proceeding to enter a judgment by confession for money pursuant to an instrument, other than an instrument executed by a natural person in connection with a consumer credit transaction, authorizing such confession.
Amendment history: The provisions of this Rule 2950 adopted June 27, 1969, effective January 1, 1970; amended April 1, 1996, effective July 1, 1996, 26 Pa.B. 1806. Immediately preceding text appears at serial page (190621).
Plain-English Summary (for reference only — not a substitute for the rule text above)
This summary is not the rule. The rule text controls.
In Pennsylvania, some loan or debt agreements include special language that allows a lender to go straight to court and get a judgment against a borrower without filing a regular lawsuit. This is called a "confession of judgment." Rule 2950 sets up the basic definition for how these cases work.
This rule only applies to certain types of agreements. It does not cover situations where a regular person took out a consumer loan, like a personal loan or credit card. It mainly applies to business agreements and other non-consumer transactions.
Committee Notes
The action is abolished insofar as it would apply to a confession of judgment which is part of an instrument executed in connection with a consumer credit transaction.
‘‘consumer credit transaction’’ means a credit transaction in which the party to whom credit is offered or extended is a natural person and the money, property or services which are the subject of the transaction are primarily for personal, family or household purposes.