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Section 361-A:9 – Repealed by 1997, 322:28, I, eff.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361-A:9 Repealed by 1997, 322:28, I, eff.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 […]
Section 361-A:10 – Repealed by 1997, 322:28, II, eff. June 23, 1997.
361-A:10 Repealed by 1997, 322:28, II, eff. June 23, 1997. –
Section 361-A:10-a – Advertising.
361-A:10-a Advertising. – I. No person shall advertise, print, display, publish, distribute, or broadcast or permit to be advertised, printed, displayed, published, distributed, or broadcast in any manner whatsoever any statement or representation with regard to the rates, terms, or conditions for the lending of money under the provisions of this chapter which is […]
Section 361-A:2 – Licensing of Sales Finance Companies and Retail Sellers Required.
361-A:2 Licensing of Sales Finance Companies and Retail Sellers Required. – I. No person shall engage in the business of a sales finance company or retail seller in this state without a license therefor as provided in this chapter. Persons subject to this chapter shall be responsible for the supervision of their employees, agents, […]
Section 361-A:2-a – License Surrender.
361-A:2-a License Surrender. – I. (a) A licensee who ceases to engage in the business of a sales finance company or retail seller at any time during a license year for any cause, including but not limited to bankruptcy, license revocation or voluntary dissolution, shall surrender such license in person or by registered or […]
Section 361-A:2-b – Annual Report.
361-A:2-b Annual Report. – I. (a) Each sales finance company licensee shall file, under oath, an annual report through the Nationwide Multistate Licensing System and Registry on or before March 31 each year concerning operations for the preceding year or license period ending December 31 upon a form prescribed by the commissioner. (b) A […]
Section 361-A:3 – Suspension or Revocation of Licenses.
361-A:3 Suspension or Revocation of Licenses. – I. The commissioner may issue an order requiring a person to whom any license has been granted or any person under the commissioner’s jurisdiction to show cause why the license should not be revoked or penalties should not be imposed, or both, for violations of this chapter. […]