Can you summarize NHRS Chapter 384-G?
This legal document, found in the New Hampshire Revised Statutes, governs the regulation of revolving credit plans. It defines various terms such as ‘bank’, ‘bank commissioner’, ‘borrower’, ‘credit device’, ‘individual borrower’, ’loans’, ‘outstanding unpaid indebtedness’, and ‘purchases’. The document explains that a revolving credit plan allows a borrower to make purchases and obtain loans using a credit device, with the amounts charged to the borrower’s account. The borrower is required to pay the bank the outstanding amounts, with the privilege of paying in full or according to the agreement.
Can you summarize NHRS Chapter 391?
The provided legal document pertains to the establishment and use of common trust funds by bank or trust companies in the state of New Hampshire. These entities, qualified to act as fiduciaries, are allowed to establish common trust funds for the purpose of providing investments to themselves as fiduciaries, to other qualified affiliates of the same holding company, or to themselves and others as co-fiduciaries. The document also permits the investment of funds held in a fiduciary capacity in common trust funds or collective investment funds established by other affiliates of the same holding company, subject to certain limitations.
Can you summarize NHRS Chapter 395?
This legal document pertains to the liquidation of institutions under the supervision of the Bank Commissioner in New Hampshire. When an institution reflects negative equity capital based on the most recent examination report conducted by the banking department or a federal deposit insuring agency, the commissioner may file a petition to a justice of the superior court. The justice may then direct the commissioner to take possession of the property and business of the institution until it resumes business or is finally liquidated.
Can you summarize NHRS Chapter 396?
These legal documents govern the regulation, conservation, and reorganization of banks, loan associations, and credit unions under the supervision of the bank commissioner in New Hampshire. The bank commissioner has the authority to regulate various aspects of these institutions, including deposits, investments, borrowing, valuation of assets, collection and payment of accounts, employment, retirement of shares, and other business activities. The commissioner can issue written orders to enforce these regulations, which can be changed, canceled, or terminated as necessary for the protection of depositors and other creditors.
Can you summarize NHRS Chapter 397?
The provided legal document pertains to the powers of the Bank Commissioner during a banking emergency. In such emergencies, the governor has the authority to proclaim a banking emergency and subject any bank or banks to special regulation until the governor declares the end of the emergency. The Bank Commissioner, in addition to other powers conferred upon him by law, has the authority to order banks to restrict their business, limit or postpone deposit payments, regulate payments, and make further orders and regulations as necessary for the interest of the public, banks, or depositors.
Can you summarize NHRS Chapter 399-B?
This legal document, part of the New Hampshire Revised Statutes, governs the disclosure of finance charges in credit-related transactions. It applies to any individual, partnership, association, corporation, or unincorporated organization. The document defines key terms related to credit and provides a broad definition of finance charges, including interest, fees, service charges, discounts, and other associated charges. Its main purpose is to ensure transparency and disclosure of finance charges in various credit-related transactions.
Can you summarize NHRS Chapter 399-F?
This legal document governs the establishment and operation of cash dispensing machines in the state of New Hampshire. It applies to operators, processors, servicing agents, networks, banks, and credit unions. The document sets out the requirements for establishing a cash dispensing machine, including not accepting deposits, loan payments, or account transfers, compliance with the Electronic Funds Transfer Act, and adherence to the provisions of RSA 399-F:3. However, the document does not specify any penalties for non-compliance or violation of its provisions.
Can you summarize NHRS Chapter 399-G?
This legal document, part of the New Hampshire Revised Statutes, governs the licensing of money transmitters. It defines various terms related to money transmission and establishes the requirements and procedures for obtaining a license as a money transmitter in the state of New Hampshire. The document applies to individuals or entities seeking to engage in the business of money transmission within the state. It requires licensure for any person who acts as a money transmitter while physically located in New Hampshire or with, to, or from persons located in New Hampshire.
Can you summarize NHRS Chapter 471-C?
This chapter of the New Hampshire Revised Statutes governs the custody and escheat of unclaimed and abandoned property. It applies to persons or entities who are in possession of property belonging to another, trustees, and persons who are indebted to another on an obligation. The chapter defines various terms such as ‘administrator’, ‘apparent owner’, and ‘holder’. It also provides definitions for terms like ‘banking organization’, ‘business association’, ‘domicile’, ‘financial organization’, ‘insurance company’, ‘intangible property’, ’last known address’, ‘owner’, ‘person’, ‘state’, and ‘utility’.
Can you summarize NHRS Chapter 570-A?
This legal document, part of the New Hampshire Revised Statutes, governs the interception and disclosure of telecommunication or oral communications. It prohibits the willful interception, use, or disclosure of such communications without the consent of all parties involved, except as otherwise provided in the law. The document outlines specific circumstances where interception is allowed, such as for law enforcement purposes or in emergency situations. It also establishes penalties for violations, including imprisonment and fines.