Section 361-A:7-a Direct Loans by Sales Finance Companies, and Exceptions. - New Hampshire Statutes

The provisions of RSA 361-A:7 shall apply to a sales finance company which provides direct loans to retail buyers for the purchase of motor vehicles from retail sellers, except RSA 361-A:7, I and II shall not apply to federally chartered banks, savings banks, trust companies, credit unions, cooperative banks, or industrial banks which do not act as sellers, but provide direct loans to retail buyers and supply a disclosure statement in conformity with Federal Reserve Board Regulation Z, Truth-in-Lending, 12 C.F.R. 226, as amended from time to time. In addition, RSA 361-A:7, I-IV-a and VI-IX and RSA 361-A:8 shall not apply to a lease as defined in RSA 361-D.

Source. 1995, 63:6. 1997, 322:18, eff. June 23, 1997.