N.H. Rev. Stat. § 399-C:1-a

Current through the 2024 Legislative

Section 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.

RSA 399-C:1-a

Added by 2015, 272:24, eff. 10/1/2015.

2015, 272:24, eff. Oct. 1, 2015.