Payday Loan Laws Legislation On Payday Lending And The Cash Advance Industry

New Hampshire Payday Loan Laws

Min/Max Term of Payday Loan: 7-30 days
Max Fees and Finance Charges: Not specified
Maximum Loan Amount: $500
Number of Rollovers: None (cannot refinance, renew, extend; borrowers can renew to obtain additional cash but prior loan must be paid in full from proceeds of new loan and marked as such)
Outstanding loans allowed at one time: Not specified
Cool-off period: Not specified
Military Protection: Not specified
Payment Plan: Not specified
Limits on collection and presentment: Not specified
Collection fees: Not specified
Presentment Limit: Not specified
Penalties: Civil Fines, Suspension or revocations of license; Cease and Desist Order; Criminal
Private right of action: Not specified


New Hampshire Payday Loan Laws:

New Hampshire permits payday lenders to operate and charge any interest rate or fees which the borrower agrees to pay. Lenders must comply with other provisions of the state’s small loan act. New Hampshire removed its interest rate cap effective 1/1/2000.

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