New Hampshire § 358-P:7 Prohibited Practices

New Hampshire Statutes

§ 358-P:7 — Prohibited Practices

New Hampshire § 358-P:7

Title XXXITRADE AND COMMERCE

Ch. 358-PRENT-TO-OWN AGREEMENT ACT

This text of New Hampshire § 358-P:7 (Prohibited Practices) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 358-P:7 (2026).

Text

I. A rent-to-own agreement shall not contain:

(a)A confession of judgment.

(b)A negotiable instrument.

(c)A security interest or any other claim of a property interest in any property of the consumer.

(d)A wage assignment.

(e)A waiver by the consumer of claims or defenses.

(f)A provision authorizing the rent-to-own dealer or a person acting on the rent-to-own dealer's behalf to enter upon the consumer's premises without permission or to commit any breach of the peace in the repossession of property.

(g)A provision requiring the purchase of insurance or liability damage waiver for the property that is the subject of the rent-to-own agreement from the rent-to-own dealer or requiring such purchase from a particular vendor. The rent-to-own dealer may, however, require that the consumer

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I. A rent-to-own agreement shall not contain:
(a) A confession of judgment.
(b) A negotiable instrument.
(c) A security interest or any other claim of a property interest in any property of the consumer.
(d) A wage assignment.
(e) A waiver by the consumer of claims or defenses.
(f) A provision authorizing the rent-to-own dealer or a person acting on the rent-to-own dealer's behalf to enter upon the consumer's premises without permission or to commit any breach of the peace in the repossession of property.
(g) A provision requiring the purchase of insurance or liability damage waiver for the property that is the subject of the rent-to-own agreement from the rent-to-own dealer or requiring such purchase from a particular vendor. The rent-to-own dealer may, however, require that the consumer purchase insurance or a liability damage waiver for the rental property from a vendor of the consumer's choosing.
(h) A provision requiring the consumer to make a payment in addition to regular rental payments in order to acquire ownership of the rental property, or a provision requiring the consumer to make rental payments totaling more than the dollar amount necessary to acquire ownership as disclosed pursuant to RSA 358-P:4.
(i) A provision requiring a late charge or reinstatement fee unless a periodic payment is late more than 5 days on a monthly agreement or more than 2 days on an agreement with periodic payments made more frequently than monthly.
(j) A provision for a late charge or reinstatement fee in excess of $5.
(k) A provision for more than one late charge or reinstatement fee on any one periodic payment regardless of the period of time during which it remains unpaid.
II. No rent-to-own dealer shall collect or attempt to collect a debt in an unfair, deceptive or unreasonable manner as defined in RSA 358-C.