Section 361-D:18 – Restriction on the Reporting of Early Terminations.
361-D:18 Restriction on the Reporting of Early Terminations. – The holder of a lease shall not report the voluntary early termination of a lease to a consumer reporting agency as a default unless the lessee fails to satisfy the lessee’s early termination obligations under the lease. Source. 1996, 85:1, eff. Nov. 15, 1996.
Section 361-D:19 – Assessment of Excess Wear and Damage to the Vehicle.
361-D:19 Assessment of Excess Wear and Damage to the Vehicle. – I. The lease shall contain a clause complying with the Consumer Leasing Act, 15 U.S.C. section 1677 et seq., which describes the standards for determining excess wear and damage to the vehicle for which the lessee will be liable. Upon the lessee’s exercise […]
Section 361-D:20 – Satisfaction of Lease.
361-D:20 Satisfaction of Lease. – After the payment of all sums for which the lessee is obligated under a lease, and upon the lessee’s written request, the holder shall mail to the lessee at the lessee’s last known address a document stating that the lessee has made payment in full. This document shall not […]
Section 361-D:21 – Renegotiations and Extensions.
361-D:21 Renegotiations and Extensions. – I. All disclosure requirements set forth in this chapter shall apply to the renegotiation of a lease. A renegotiation does not constitute a transaction subject to warranty or other provisions that apply to the sale of used vehicles under the laws of this state. II. The disclosure requirements shall […]
Section 361-D:22 – Liability of Lessor.
361-D:22 Liability of Lessor. – I. Except as otherwise provided by this section, any lessor who fails to comply with any requirement imposed under the provisions of this chapter or for which no specific relief is provided with respect to any person shall be liable to such person in an amount equal to the […]
Section 361-D:23 – Rescission of Agreement.
361-D:23 Rescission of Agreement. – If the lessor fails to comply with RSA 361-D:3, as an alternative to an action under RSA 361-D:22, the lessee may rescind the agreement if the failure to comply was willful, or if correction will increase the amount of the lease balance, unless the lessor waives the collection of […]
Section 361-D:24 – Costs and Attorney’s Fees.
361-D:24 Costs and Attorney’s Fees. – In any action by a consumer against the lessor based upon the alleged breach of a lease or other written agreement made in connection with lease of such motor vehicle, the court, in its discretion, may award to the plaintiff costs and reasonable attorney’s fees. If the court […]
Section 361-D:9 – Total Loss Notice and Waiver of Gap Amount.
361-D:9 Total Loss Notice and Waiver of Gap Amount. – I. If the lease provides that the lessee shall be responsible for the gap amount, the lease shall disclose that fact and disclose the obligations for which the lessee would remain liable in the event of a total loss of the vehicle prior to […]
Section 361-D:10 – Refund of Excess Fees.
361-D:10 Refund of Excess Fees. – If a lessee of a vehicle pays to the lessor an amount for fees owed to the state, the licensing or transfer of title of the vehicle which amount is in excess of the actual fees due for such licensing or transfer, including any excess of the amount […]
Section 361-D:11 – Lien on Other Property.
361-D:11 Lien on Other Property. – No agreement in connection with a lease agreement which provides for the inclusion of title to or a lien upon any personal or real property, other than the motor vehicle which is the subject matter of the lease agreement, or accessories for such vehicle or special and auxiliary […]