LENDERS OF MONEY

RSA tit. XXXVI, ch. 399-C

in effect

RSA 399-C:1 Additional Fee or Charge for Substitution of Insurance Policy Prohibited.

399-C:1. Additional Fee or Charge for Substitution of Insurance Policy Prohibited. It shall be unlawful for any person, partnership, association, corporation, unincorporated organization, bank, or credit union, whether federally or state chartered, that makes a loan secured by real or personal property in connection with such a transaction, to make any separate or additional charge to, or to require any fee from, or to require the payment of any money by an insurance company, insurance agency, borrower, mortgagor, or purchaser, other than the insurance premium on insurance written as additional security for the loan, for the substitution by a borrower, a mortgagor, or a purchaser of one insurance policy on the property for an existing policy on the property, when the existing or substituted policy is provided through an insurance company or insurance agent or broker licensed to do business in this state. However, nothing in this section prevents the payment of interest which may be charged on premium loans or premium advancements in accordance with the security agreement. Source. 1969, 79:1. 2015, 272:23, eff. Oct. 1, 2015.

RSA 399-C:1-a Inducement Check Disclosure.

399-C:1-a. Inducement Check Disclosure. No person subject to the provisions of this chapter shall induce any potential borrower who is not a loan customer of the person to enter into a closed-end loan agreement, by delivering in the first instance a negotiable check for such loan to such potential borrower, without including the following information clearly printed on the endorsement side of the check: I. A statement which reads, "By endorsing this check, you become legally liable for repaying all moneys, including interest, as specified in the following loan agreement/disclosure statement"; II. The amount financed; III. The annual percentage rate; IV. The number of installments; and V. The amount of each installment payment. Source. 2015, 272:24, eff. Oct. 1, 2015.

RSA 399-C:2 Penalty.

399-C:2. Penalty. Whoever violates any provision of this chapter shall be guilty of a misdemeanor if a natural person, or guilty of a felony if any other person. Source. 1969, 79:1. 1973, 529:96, eff. Oct. 31, 1973 at 11:59 p.m.

Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/NHTOC/NHTOC-XXXVI-399-C.htmFetched: 10/20/2026