2015 New Hampshire Revised Statutes
Title XXXI - TRADE AND COMMERCE
Chapter 358-K - REGULATION OF CONSUMER CREDIT TRANSACTIONS
Section 358-K:4-a - Exception to Achieve a Common or Convenient Monthly Payment Date.

NH Rev Stat § 358-K:4-a (2015) What's This?

    358-K:4-a Exception to Achieve a Common or Convenient Monthly Payment Date. – Any provision of this chapter to the contrary notwithstanding, interest on any closed-end consumer credit transaction may be collected in advance for origination fees at the inception of such transaction or for a fractional part of a month (less than 30 days) from the inception of such consumer credit transaction to a monthly payment date that the creditor commonly uses in such transactions, or that the creditor considers to be more convenient administratively as a monthly payment date than the transaction inception date, such as the first day of the month.

Source. 1986, 92:3, eff. July 1, 1986.


Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.