New Hampshire § 399-D:17 Provisions Applicable to Debt Repayment Plans Under This Chapter

New Hampshire Statutes

§ 399-D:17 — Provisions Applicable to Debt Repayment Plans Under This Chapter

New Hampshire § 399-D:17

Title XXXVIPAWNBROKERS AND MONEYLENDERS

Ch. 399-DDEBT ADJUSTMENT SERVICES

This text of New Hampshire § 399-D:17 (Provisions Applicable to Debt Repayment Plans Under This Chapter) 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. § 399-D:17 (2026).

Text

I. If the debtor gives the licensee 30 days' written notice of cancellation and such licensee performed all of its contractually required services, such licensee shall be entitled to a cancellation fee of the lesser of:

(a)5 percent of the remaining service charges that would have been collected over the term of the debt adjustment contract; or

(b)$50. II. If the debtor willfully defaults by failing to pay the contractually obligated payments for a period of 30 days and such licensee performed all of its contractually required services, such licensee shall be entitled to a cancellation fee of the lesser of:

(a)5 percent of the remaining service charges that would have been collected over the term of the debt adjustment contract; or

(b)$50. III. The licensee shall notify the debtor's cr

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I. If the debtor gives the licensee 30 days' written notice of cancellation and such licensee performed all of its contractually required services, such licensee shall be entitled to a cancellation fee of the lesser of:
(a) 5 percent of the remaining service charges that would have been collected over the term of the debt adjustment contract; or
(b) $50.
II. If the debtor willfully defaults by failing to pay the contractually obligated payments for a period of 30 days and such licensee performed all of its contractually required services, such licensee shall be entitled to a cancellation fee of the lesser of:
(a) 5 percent of the remaining service charges that would have been collected over the term of the debt adjustment contract; or
(b) $50.
III. The licensee shall notify the debtor's creditors or their attorneys in writing within 10 calendar days of cancellation.