New Hampshire Revised Statutes 399-B:2 – Statement Required
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 399-B:2
- 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 future delivery, under which part or all of the price is payable subsequent to the making of such sale or contract; any rental-purchase contract; any contract or arrangement for the hire, bailment, or leasing of property; any option, demand, lien, pledge, or other claim against, or for the delivery of, property or money; any purchase, discount, or other acquisition of, or any credit upon the security of, any obligation or claim arising out of any of the foregoing; and any transaction or series of transactions having a similar purpose or effect. See New Hampshire Revised Statutes 399-B:1
- Finance charges: includes charges such as interest, fees, service charges, discounts, and other charges associated with the extension of credit. See New Hampshire Revised Statutes 399-B:1
- Person: means any individual, partnership, association, corporation, or unincorporated organization. See New Hampshire Revised Statutes 399-B:1
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 rate of charge, or a combination thereof, to be borne by such person in connection with such extension of credit as originally scheduled.