2010 New Hampshire Statutes
TITLE XXXVI PAWNBROKERS AND MONEYLENDERS
CHAPTER 399-A REGULATION OF SMALL LOANS, TITLE LOANS, AND PAYDAY LOANS
Section 399-A:14 Provisions Applicable to Title Loan Lenders.

399-A:14 Provisions Applicable to Title Loan Lenders. – A title loan lender shall not:
    I. Charge the consumer more than one fee for dishonored checks when the consumer issues more than one check to the lender. However, the title loan lender may recover from the consumer any fee charged to the lender by an unaffiliated financial institution for each dishonored check.
    II. Make more than one outstanding loan that is secured by one title.
    III. Make a title loan without providing the borrower within the title loan agreement the right to cancel the title loan at any time before the close of business of the next business day following the date of the transaction by repaying to the lender in cash the amount advanced to the borrower.
    IV. Offer, advertise, or make a loan with a rate of interest that is lower in the original period than in subsequent renewals.
    V. Make a loan to a borrower who currently has an outstanding or who has had an outstanding payday or title loan within the previous 60-day period. As part of its application process for such a loan, a lender shall obtain a written statement under oath from the borrower certifying the borrower does not currently have an outstanding and has not had an outstanding payday loan or title loan within the previous 60-day period.
    VI. Charge interest at higher than 36 percent per year; however actual costs incurred by the lender to perfect a security interest in the title may be passed through to the borrower, thus increasing the annual percentage rate above 36 percent.

Source. 2003, 308:1, eff. July 21, 2003. 2008, 301:3, eff. Jan. 1, 2009.