New Hampshire Statutes
§ 384-G:3 — Periodic Interest
New Hampshire § 384-G:3
JurisdictionNew Hampshire
Title XXXVBANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Ch. 384-GREGULATION OF REVOLVING CREDIT PLANS
This text of New Hampshire § 384-G:3 (Periodic Interest) 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. § 384-G:3 (2026).
Text
A bank may charge and collect periodic interest under a revolving credit plan on outstanding unpaid indebtedness in the borrower's account under the plan at such daily, weekly, monthly, annual or other periodic percentage rate or rates as the agreement governing the plan provides or as established in the manner provided in the agreement governing the plan. Periodic interest may be calculated using an average daily balance, 2-cycle average daily balance, adjusted balance or previous balance method or using any other balance computation method provided for in the agreement governing the plan. Periodic billing cycles may be established in such manner and shall have such duration as may be specified in the agreement governing the plan.
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Legislative History
2002, 225:1, eff. July 16, 2002.
Nearby Sections
15
§ 384-G:1
Definitions§ 384-G:10
Delinquent Installments§ 384-G:11
Attorney's Fees; Costs§ 384-G:12
Amendment of Agreement§ 384-G:13
Examinations§ 384-G:14
Enforcement§ 384-G:15
Rulemaking§ 384-G:16
Application of Other State Laws§ 384-G:17
Application; Captions§ 384-G:18
Materiality of Terms§ 384-G:19
Governing Law§ 384-G:2
Extension of Credit§ 384-G:20
Severability§ 384-G:3
Periodic Interest§ 384-G:4
Variable RatesCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 384-G:3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/384-G/384-G%3A3.