Section 361-A:10-b – Sale Contingent on Financing Approval.
361-A:10-b Sale Contingent on Financing Approval. – Any retail seller who delivers a motor vehicle to a retail customer before the retail seller has obtained financing approval from a sales finance company shall provide a disclosure, containing the following language in a size equal to at least 10 point bold type, which must be […]
Section 361-A:10-c – Lien Payoff on Motor Vehicles Accepted in Trade.
361-A:10-c Lien Payoff on Motor Vehicles Accepted in Trade. – I. When a person enters into a retail transaction where a consumer trades in or sells a vehicle that is subject to a lien, the person shall, within 21 calendar days of the date of sale, remit payment to the lien holder to pay […]
Section 361-A:11 – Penalties.
361-A:11 Penalties. – I. Any person who shall violate any provisions of this chapter, or engage in the business of a sales finance company in this state without a license therefor as provided herein, shall be guilty of a misdemeanor if a natural person, or guilty of a felony if any other person. I-a. […]
Section 361-A:11-a – Applicability.
361-A:11-a Applicability. – Persons subject to or licensed under this chapter shall abide by applicable federal laws and regulations, the laws and rules of this state, and the orders of the commissioner. Any violation of such law, regulation, or rule is a violation of this chapter. Source. 2004, 139:11, eff. July 23, 2004.
Section 361-A:12 – Waiver.
361-A:12 Waiver. – Any waiver of the provisions of this chapter shall be unenforceable and void. Source. 1961, 193:1, eff. Oct. 1, 1961.
Section 361-A:13 – Records and Filings.
361-A:13 Records and Filings. – I. A document is filed when it is received by the commissioner. Examination expenses, fines, penalties, and other moneys obliged to be paid to the department shall be paid within 14 days of receipt of notice by the licensee or other person or at such later time determined by […]
Section 361-A:8 – Finance Charge.
361-A:8 Finance Charge. – I. Notwithstanding the provisions of any other law, the finance charge on any retail installment contract under this chapter shall be such as may be agreed upon by the buyer and the seller or by the buyer and the sales finance company. II. Such finance charge shall be computed on […]
Section 361-A:8-a – Balloon Payment Loans.
361-A:8-a Balloon Payment Loans. – I. The general court recognizes that both borrowers and lenders may wish to have balloon retail installment contracts available as a credit option for the purchase of motor vehicles. The general court also recognizes the potential for confusion or misunderstanding by borrowers of the nature and terms of balloon […]
Section 361-A:9 – Repealed by 1997, 322:28, I, eff. June 23, 1997.
361-A:9 Repealed by 1997, 322:28, I, eff. June 23, 1997. –
Section 361-A:9-a – Books and Records.
361-A:9-a Books and Records. – I. A licensee shall keep and use business records in such form and at such location as the commissioner shall by rule determine. The records shall enable the commissioner to determine whether the licensee is complying with the provisions of this chapter, any rules adopted under it, and any […]