This bill amends RSA 358-K:1, XIII to include a provision that the total of all "other charges" and outstanding interest in a consumer credit transaction shall not exceed the consumer's total original balance from the credit card sale or loan transaction. This means that the consumer cannot be charged more in interest and other charges than the original balance of their credit card sale or loan.

The bill will take effect 60 days after its passage.

Statutes affected:
Introduced: 358-K:1