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 […]
Section 399-A:7 – License Posting.
399-A:7 License Posting. – No licensee shall engage in the business of a small loan lender without a conspicuously posted license in the licensee’s principal place of business within this state and in each of the licensee’s licensed branch offices. Source. 2015, 73:1, eff. Jan. 1, 2016.
Section 399-A:8 – License Surrender.
399-A:8 License Surrender. – I. A licensee who ceases to engage in the business of a lender at any time for any cause shall surrender such license and file an annual report pursuant to RSA 399-A:10 within 15 calendar days of such cessation. II. Surrender of a license shall not take effect until the […]
Section 399-A:9 – Continuing Obligation to Update.
399-A:9 Continuing Obligation to Update. – I. Licensees shall update information on file with the commissioner. If any information filed with the commissioner becomes materially inaccurate, the licensee shall, within 30 days of the event necessitating the update, submit an amendment to its application records that will correct the information on file with the […]
Section 399-A:10 – Reporting and Filing Requirements.
399-A:10 Reporting and Filing Requirements. – I. (a) Each licensee shall file, under oath, an annual report through the Nationwide Multistate Licensing System and Registry on or before March 31 each year concerning its business and operations for the preceding calendar year or license period ending December 31 in the form prescribed by the […]
Section 399-A:11 – Record Keeping Requirements.
399-A:11 Record Keeping Requirements. – I. The licensee shall maintain such books and records in accordance with sound business and accepted accounting practices as will enable the department to determine whether the licensee’s business is in compliance with the provisions of this chapter and the rules adopted pursuant to it. Such records shall be […]
Section 399-A:12 – Consumer Inquiries.
399-A:12 Consumer Inquiries. – I. Consumer complaints naming licensees under this chapter, which are filed in writing with the office of the commissioner, shall be forwarded via electronic mail or certified or registered mail to the licensee for response within 10 days of receipt by the department. Licensees shall, within 10 days after receipt […]
Section 399-A:13 – Examinations and Investigations.
399-A:13 Examinations and Investigations. – I. The commissioner or the commissioner’s duly authorized representative shall, in accordance with RSA 383:9 and, with or without notice to the licensee or person, examine the business affairs of any licensee or any other person subject to this chapter, whether licensed or not, or more often when necessary, […]
Section 399-A:14 – Prohibitions; Fraud and Dishonesty.
399-A:14 Prohibitions; Fraud and Dishonesty. – I. No person in connection with engaging in the business of a small loan lender, directly or indirectly shall: (a) Employ any device, scheme, or artifice to defraud; (b) Make any untrue statement of a material fact or to omit to state a material fact necessary in order […]
Section 399-A:1 – Definitions.
399-A:1 Definitions. – In this chapter: I. " Affiliate " means a partnership, corporation, trust, limited liability company, or other organization that directly or indirectly owns a lender, is under common ownership with a lender, or is directly or indirectly owned by a lender. II. "Annual percentage rate" shall be calculated according to the […]