52 Pa. Code § 56.33. Third-party guarantors.

§ 56.33. Third-party guarantors.

If an applicant does not establish credit under §  56.32 (relating to security and cash deposits), the public utility shall provide residential service when one of the following requirements is satisfied:
   (1)  Cash deposit. The applicant posts a cash deposit.
   (2)  Third-party guarantor. This section does not preclude an applicant from furnishing a third-party guarantor in lieu of a cash deposit. The guaranty must be in writing and state the terms of the guaranty. The guarantor shall be responsible for all missed payments owed to the public utility. For the purposes of this section, the term ‘‘guarantor’’ means a third-party who has or can establish credit under §  56.32.

Authority

   The provisions of this §  56.33 amended under the Public Utility Code, 66 Pa.C.S. § §  331, 501, 504—506, 1301, 1401—1419 and 1501.

Source

   The provisions of this §  56.33 adopted June 16, 1978, effective June 17, 1978, 8 Pa.B. 1655; amended July 17, 1998, effective August 17, 1998, 28 Pa.B. 3379; amended October 7, 2011, effective October 8, 2011, 41 Pa.B. 5473. Immediately preceding text appears at serial page (263654).

Cross References

   This section cited in 52 Pa. Code §  56.36 (relating to written procedures).

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