Section 399-D:20 – Cease and Desist.
399-D:20 Cease and Desist. – I. The department may issue a cease and desist order against any person who it has reasonable cause to believe is in violation of the provisions of this chapter or any rule or order under this chapter. II. (a) The order shall be calculated to give reasonable notice of […]
Section 399-D:21 – Penalty.
399-D:21 Penalty. – I. Any person or the members, officers, directors, agents, and employees thereof who knowingly violates any provision of this chapter shall be guilty of a misdemeanor for each violation if a natural person, or felony if any other person. II. Any person violating the provisions of RSA 399-D:14 through RSA 399-D:17 […]
Section 399-D:22 – Consumer Credit Administration License Fund.
399-D:22 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-D:19 – Order to Show Cause.
399-D:19 Order to Show Cause. – I. The commissioner may issue an order: (a) 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; (b) Barring […]
Section 399-D:10 – Record Keeping Requirements.
399-D:10 Record Keeping Requirements. – I. The licensee shall maintain such books and records 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 maintained in a readily accessible location and made available […]
Section 399-D:11 – Consumer Inquiries.
399-D:11 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-D:12 – Examinations and Investigations.
399-D:12 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-D:13 – Prohibitions; Fraud and Dishonesty.
399-D:13 Prohibitions; Fraud and Dishonesty. – I. No person, in connection with the business of a debt adjuster, directly or indirectly shall: (a) Employ any device, scheme, or artifice to defraud; (b) Make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements […]
Section 399-D:14 – Provisions Applicable to All Persons Under This Chapter.
399-D:14 Provisions Applicable to All Persons Under This Chapter. – I. Each licensee shall: (a) Make a written contract with a debtor; and (b) Immediately furnish the debtor with a true copy thereof. II. Such contract shall include the following information : (a) A clear description of the services to be provided to the […]
Section 399-D:15 – Provisions Applicable to Debt Management Plans Under This Chapter.
399-D:15 Provisions Applicable to Debt Management Plans Under This Chapter. – I. Fees shall be amortized equally each month over the length of the contract. II. A licensee shall not be entitled to any fee until the contract has been in effect for at least 30 days, and thereafter, the monthly amortized fee may […]