New Hampshire § 361-E-2 - Section 361-E:2 Definitions.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 361-E-2 — Section 361-E:2 Definitions., with citation guidance and answers to common questions.
§ 361-E-2. Section 361-E:2 Definitions.
I. In this chapter: (a) "Administrator" means a person, other than an insurer or creditor, that performs administrative or operational functions pursuant to guaranteed asset protection waiver programs. (b) "Borrower" means any retail buyer, as defined in RSA 361-A:1, XXIII. (c) "Creditor" means: (1) Any retail seller, as defined in RSA 361-A:1, XXVI; or (2) Any sales finance company, as defined in RSA 361-A:1, XXVII; or (3) The assignees of any of the foregoing to whom the credit obligation is payable. (d) "Finance agreement" means a retail installment contract for the purchase of a motor vehicle governed by RSA 361-A. (e) "Free look period" means the period of time from the effective date of the guaranteed asset protection (GAP) waiver until the date the borrower may cancel the contract without penalty, fees, or costs to the borrower. (f) "Guaranteed asset protection waiver" or "GAP waiver" means a contractual agreement wherein a creditor agrees for a separate charge to cancel or waive all or part of amounts due on a borrower's finance agreement in the event of a total physical damage loss or unrecovered theft of the motor vehicle, which agreement shall be part of, or a separate addendum to, the finance agreement. (g) "Insurer" means an insurance company licensed, registered, or otherwise authorized to do business under the insurance laws of this state. (h) "Motor vehicle" means a motor vehicle, as defined in RSA 361-A:1, XVI. (i) "Person" includes an individual, company, association, organization, partnership, business trust, corporation, limited liability company, and every other form of legal entity. II. The terms defined in this section are not intended to provide actual terms required in guaranteed asset protection waivers.
Frequently Asked Questions About New Hampshire § 361-E-2
What does New Hampshire Revised Statutes Annotated § 361-E-2 cover?
Section 361-E-2 ("Section 361-E:2 Definitions.") 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-E-2?
A common citation format is "New Hampshire Revised Statutes Annotated § 361-E-2" (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-E-2 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.