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Home » US Law » 2022 New Hampshire Revised Statutes » Title XXXVI - Pawnbrokers and Moneylenders » Title 399-B - Disclosure of Finance Charges

Section 399-B:1 – Definitions.

    399-B:1 Definitions. – Whenever used in this chapter the following words shall have the meaning set opposite them below: I. "Credit" means any loan, residential mortgage, deed of trust, advance, or discount; any conditional sales contract; any contract to sell, or sale, or contract of sale of property or services, either for present or […]

Section 399-B:2 – Statement Required.

    399-B:2 Statement Required. – Any person engaged in the business of extending credit shall furnish to each person to whom such credit is extended, concurrently with the consummation of the transaction or agreement to extend credit, a clear statement in writing setting forth the finance charges, expressed in dollars, rate of interest, or monthly […]

Section 399-B:2-a – Exception.

    399-B:2-a Exception. – A finance charge statement or disclosure in a consumer credit transaction, as defined in RSA 358-K:1, V, that is made in conformity with Federal Reserve Board Regulation Z, Truth in Lending, 12 CFR 226, as amended, or Regulation M, 12 CFR 213, as amended, shall be deemed to fulfill the finance […]

Section 399-B:3 – Prohibition.

    399-B:3 Prohibition. – No person shall extend credit in contravention of this chapter. Source. 1961, 245:7, eff. Aug. 30, 1961.

Section 399-B:4 – Penalty.

    399-B:4 Penalty. – Whoever wilfully violates any provision of RSA 399-B shall be guilty of a misdemeanor if a natural person, or guilty of a felony if any other person. Source. 1961, 245:7. 1973, 528:272, eff. Oct. 31, 1973 at 11:59 p.m.

Section 399-B:5 – Additional Purchases.

    399-B:5 Additional Purchases. – Where a buyer makes any subsequent purchases of consumer goods from a seller from whom he has previously purchased goods or services under one or more conditional sales contracts, and the amounts under the contract or contracts have not been fully paid, the subsequent purchases may be included in and […]

Section 399-B:6 – Repossession Procedure.

    399-B:6 Repossession Procedure. – Prior to or after any action by the seller or his agents to repossess consumer goods under the terms of any such conditional sales contract or contracts involving both previous and subsequent purchases which have not been fully paid, the seller must retroactively allocate all payments received under the contract […]

Section 399-B:7 – Not to Apply to Liens Upon Real Estate.

    399-B:7 Not to Apply to Liens Upon Real Estate. – Conditional sales contracts do not include any instrument creating or involving liens against real estate or any interest in real estate. Source. 1965, 376:1, eff. Sept. 6, 1965.

Section 399-B:8 – Definition.

    399-B:8 Definition. – "Consumer goods" means goods bought for use primarily for personal, family, or household purposes, as distinguished from goods bought for commercial, industrial, or business use, and does not include motor vehicles, accessories, equipment, parts, or repairs, the installment sales and financing of which are regulated by RSA 361-A. Source. 1965, 376:1, […]