Payday Loans in New Hampshire State

Maybe people ask about payday loans. Is it legal? How much will it cost? How to get it?
The third state for today is New Hampshire state.. 

New Hampshire State Information

Legal Status: Prohibited (36% rate cap)

Citation: N.H. Rev. Stat. Ann. 399-A:1 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: 36% annual interest
Finance Charge for 14-day $100 loan: $1.38
APR for 14-day $100 loan: 36%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: 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)
Cooling-off Period: 60 days
Repayment Plan:

Collection Limits:
Collection Fees:
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: New Hampshire State Banking Department
Address: 53 Regional Drive, Suite 200 Concord NH 03301
Phone: (603) 271-3561
Fax: (603) 271-0750

Regulator Website: http://www.nh.gov/banking/

Find more info about Payday loans in New Hampshire here: http://easyloansusa.net/new-hampshire/

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