The act of December 9, 2002 (P.L.1446, No.186) amended the act of July 28,

1947 (P.L.1110, No. 476), known as the Motor Vehicle Sales Finance Act (MVSFA).

Section 20 of the legislation provided the following:

"Because many of the circumstances and events that led to the initial

adoption of the act in 1947 have substantially changed due to substantial

improvements in business practices and expanded Federal regulations, a

study of proposals to update and modernize the act shall be conducted by

the Joint State Government Commission and the recommendations of the

commission reported to the General Assembly. In addition to changes to

the act, the commission shall also consider the advisability of merging the

provisions of the act of October 28, 1966 (1st Sp.Sess., P.L.55, No.7),

known as the Goods and Services Installment Sales Act [GSISA], and

other consumer finance legislation into a consolidated Consumer Credit

Code which avoids duplication of Federal law and regulations and

promotes uniformity of law among the states."

Section 20 further provided for the creation of an eight-member legislative task

force consisting of four members of the Senate and four members of the House. In order

to assist the Task Force, the Joint State Government Commission was empowered to

appoint an advisory committee, which was to include a representative of the Department

of Banking, the Consumer Protection Division of the Office of Attorney General, the

Pennsylvania Automotive Association, the Pennsylvania Retailers' Association and the

Pennsylvania Bankers Association, along with other individuals having knowledge and

expertise regarding motor vehicle sales finance, installment sales and consumer

protection laws and regulations.