New Hampshire § 361-A-23 - Section 361-A:23 Requirements and Prohibitions as to the Explanation of Calculation after Disposition.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 361-A-23 — Section 361-A:23 Requirements and Prohibitions as to the Explanation of Calculation after Disposition., with citation guidance and answers to common questions.
§ 361-A-23. Section 361-A:23 Requirements and Prohibitions as to the Explanation of Calculation after Disposition.
I. The licensee is required to determine the deficiency or surplus owed after disposition of the vehicle. If the borrower is entitled to a surplus, an explanation of calculation and surplus funds shall be provided to the borrower within 21 calendar days of the disposition of the vehicle. II. The required written explanation of calculation shall contain the following information: (a) The total amount of obligations secured by the retail installment contract calculated as of a specified date. (b) The amount of proceeds of the disposition. (c) The total amount of the obligations after deducting the amount of proceeds. (d) The out-of-pocket expenses incurred for retaking, holding, preparing for disposition, processing, and disposing of the collateral. (e) The amount of credits to which the borrower is known to be entitled. (f) The amount of the surplus or deficiency, which is the calculation of the sum of (c) and (d) minus (e).
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 361-A-23
What does New Hampshire Revised Statutes Annotated § 361-A-23 cover?
Section 361-A-23 ("Section 361-A:23 Requirements and Prohibitions as to the Explanation of Calculation after Disposition.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 361-A-23?
A common citation format is "New Hampshire Revised Statutes Annotated § 361-A-23" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 361-A-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.