Section 399-A:21 – Order to Show Cause.
399-A:21 Order to Show Cause. – 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, suspended, or penalties imposed, or both, for violations of this chapter. II. (a) The […]
Section 399-A:22 – Cease and Desist Orders.
399-A:22 Cease and Desist Orders. – I. The department may issue a cease and desist order against any person who it has reasonable cause to believe has violated or is about to violate the provisions of this chapter or any rule or order under this chapter. II. (a) The order shall be calculated to […]
Section 399-A:23 – Penalty.
399-A:23 Penalty. – I. Any person or the members, officers, directors, agents, and employees thereof who knowingly violate any provision of this chapter shall be guilty of a misdemeanor if a natural person, or a felony if any other person. II. Any person violating the provisions of RSA 399-A:15 through RSA 399-A:19 or engaging […]
Section 399-A:24 – Consumer Credit Administration License Fund.
399-A:24 Consumer Credit Administration License Fund. – The balance in the consumer credit administration license fund shall be transferred and shall be payable to the state treasurer as restricted revenue and credited to the appropriation for the commissioner, consumer credit administration division. Sums collected under this chapter shall be payable to the state treasurer […]
Section 399-A:16 – Small Loans Other Than Payday Loans or Title Loans.
399-A:16 Small Loans Other Than Payday Loans or Title Loans. – The following provisions are applicable only to small loans other than payday loans or title loans: I. The annual percentage rate for small loans shall not exceed 36 percent. Notwithstanding the federal definition of annual percentage rate, for purposes of calculating annual percentage […]
Section 399-A:17 – Payday Loan Lenders.
399-A:17 Payday Loan Lenders. – I. The annual percentage rate for payday loans shall not exceed 36 percent. II. Each payday loan lender shall conspicuously post in its licensed location a schedule of interest charges, with examples using a $300 loan payable in 14 days and 30 days. Payday loans shall incur interest only. […]
Section 399-A:18 – Title Loan Lenders.
399-A:18 Title Loan Lenders. – I. No title loan lender shall: (a) Charge the consumer more than one fee for dishonored checks when the consumer issues more than one check to the title loan lender. However, the title loan lender may recover from the consumer any fee charged to the lender by an unaffiliated […]
Section 399-A:19 – Title Loan Renewals.
399-A:19 Title Loan Renewals. – I. A title loan shall be for an original term of no more than one month. II. A title loan lender may allow such loan to be renewed no more than 9 additional periods each equal to the original term, provided however, that at each such renewal the borrower […]
Section 399-A:20 – Powers of the Commissioner.
399-A:20 Powers of the Commissioner. – I. The commissioner shall have the power to subpoena witnesses and administer oaths in any adjudicative proceeding and to compel, by subpoena duces tecum, the production of documents, papers, books, records, files, and other evidence, whether electronically stored or otherwise, before the commissioner in any matter over which […]
Section 399-A:6 – License Denial; Abandonment.
399-A:6 License Denial; Abandonment. – I. If the commissioner determines that an applicant fails to meet the requirements of this chapter, the commissioner shall notify the applicant of that determination in writing immediately. II. The commissioner may deny a license application if it is in the public interest and the applicant or the applicant’s […]