{"data":{"id":"us-nh/rsa-358-p-7","jurisdiction":"us-nh","citation":"RSA 358-P:7","heading":"Prohibited Practices.","body":"I. A rent-to-own agreement shall not contain:\n(a) A confession of judgment.\n(b) A negotiable instrument.\n(c) A security interest or any other claim of a property interest in any property of the consumer.\n(d) A wage assignment.\n(e) A waiver by the consumer of claims or defenses.\n(f) A provision authorizing the rent-to-own dealer or a person acting on the rent-to-own dealer's behalf to enter upon the consumer's premises without permission or to commit any breach of the peace in the repossession of property.\n(g) A provision requiring the purchase of insurance or liability damage waiver for the property that is the subject of the rent-to-own agreement from the rent-to-own dealer or requiring such purchase from a particular vendor. The rent-to-own dealer may, however, require that the consumer purchase insurance or a liability damage waiver for the rental property from a vendor of the consumer's choosing.\n(h) A provision requiring the consumer to make a payment in addition to regular rental payments in order to acquire ownership of the rental property, or a provision requiring the consumer to make rental payments totaling more than the dollar amount necessary to acquire ownership as disclosed pursuant to RSA 358-P:4.\n(i) A provision requiring a late charge or reinstatement fee unless a periodic payment is late more than 5 days on a monthly agreement or more than 2 days on an agreement with periodic payments made more frequently than monthly.\n(j) A provision for a late charge or reinstatement fee in excess of $5.\n(k) A provision for more than one late charge or reinstatement fee on any one periodic payment regardless of the period of time during which it remains unpaid.\nII. No rent-to-own dealer shall collect or attempt to collect a debt in an unfair, deceptive or unreasonable manner as defined in RSA 358-C.","path":["Title XXXI: TRADE AND COMMERCE","Chapter 358-P: RENT-TO-OWN AGREEMENT ACT"],"source_url":"https://gc.nh.gov/rsa/html/XXXI/358-P/358-P-7.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:28:02Z","sha256":"a9e09fe259156829dec6f67d194a38b0f8a27c8837324fb889fe501f5cdd7224","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-358-p-6","next":"us-nh/rsa-358-p-8"},"notice":"GroundRules: Original legal text. Not legal advice."}