New Hampshire Credit Laws
| INTEREST RATE | (Legal: 12%) | JUDGMENT 4%,
There is no general usury rate. |
| STATUTE OF LIMITATIONS | (In Years) |
Open Acct: 3 - For Goods 4 - Written Contract 3 - Domestic Judgment 20 - Foreign Judgment 20
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| BAD CHECK LAWS | (Civil Penalty) |
Amount due, interest, court costs, reasonable attorneys’ fees & $10 per business day (max $500). If statutory notice is sent. (RSA 544-B) |
| GENERAL GARNISHMENT EXEMPTIONS | 50 x fed. min. hourly wage - All future wages are exempt so that the court cannot issue an ongoing order. | |
| HOMESTEAD EXEMPTION |
The homestead exemption limit in New Hampshire is $100,000. |
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ADDING FEES |
Any debt collection or attempt to collect a debt shall be deemed unfair, deceptive or unreasonable if the debt collector: Makes any representation that an existing obligation may be increased by the addition of attorney’s fees, investigation fees, service fees or any other fees or charges when in fact such fees or charges may not be legally added to the existing obligation; or Makes any representation that an existing obligation will definitely be increased by the addition of attorney’s fees, investigation fees, service fees or any other fees or charges when the award of such fee or charge is discretionary by a court of law; or Collects or attempts to collect any interest or other charge, fee or expense incidental to the principal obligation unless such interest or incidental fee, charge or expense is expressly authorized by the agreement creating the obligation and legally chargeable to the debtor; provided that the foregoing shall not prohibit a debt collector from attempting to collect court costs in a judicial proceeding. |