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RSA 361-A:14 · Provisions Applicable to All Persons Under This Chapter

Title
XXXIII-A: RETAIL INSTALLMENT SALES
Chapter
361-A · RETAIL INSTALLMENT SALES OF MOTOR VEHICLES
Status
current
Official source linked
Yes
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361-A:14 Provisions Applicable to All Persons Under This Chapter. –

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I.

No person making a retail installment contract, shall advertise, print, display, publish, distribute, or broadcast or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast, in any manner whatsoever, any statement or representation with regard to the rates, terms, or conditions which is false, misleading, or deceptive.

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II.

Persons subject to this chapter shall be responsible for the supervision of their employees, agents, and branch offices. Licensees shall establish and maintain a system to supervise the activities of their employees, agents, and branch offices that is reasonably designed to achieve compliance with this chapter and any rules adopted thereunder.

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III.

Each licensee shall maintain a positive net worth of at least $25,000 at all times.

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IV.

Examination expenses, fines, penalties, and other moneys owed to the department shall be paid within 14 days of receipt of notice by the licensee or other person or at such later time as determined by the commissioner. Source. 2024, 330:1, eff. July 1, 2024.

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Source note

Source. 2024, 330:1, eff. July 1, 2024.

Source history

  • 2024, 330:1, eff. July 1, 2024

Related materials

Bill relationships

  • 2026 HB1207 reference · effective 2027-07-01

    5 percent of the total assessment for that year. (c) From consumer credit division entities. Each entity subject to the supervision of the commissioner under the provisions of RSA 361-A, RSA 397-A, RSA 399-A, RSA 399-D, and RSA 399-G, shall be charged and shall pay such proportion of the balance applicable to the consumer credit administration division under the department's accounting unit designation

  • 2026 HB1207-FN reference · effective 2027-07-01

    5 percent of the total assessment for that year. (c) From consumer credit division entities. Each entity subject to the supervision of the commissioner under the provisions of RSA 361-A, RSA 397-A, RSA 399-A, RSA 399-D, and RSA 399-G, shall be charged and shall pay such proportion of the balance applicable to the consumer credit administration division under the department's accounting unit designation