RSA 397-A:15 Borrower's Rights.
Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 397-A - LICENSING OF NONDEPOSITORY MORTGAGE BANKERS, BROKERS, AND SERVICERS
I. A borrower may pre-pay a first mortgage loan, in whole or in part, at any time. Partial prepayments of principal shall be applied on the due date of the next regularly scheduled payment. Prepayments in full ("payoff") shall be credited on the date received, except as provided under United States Department of Housing and Urban Development regulations.
II. The repayment terms of any loan made under the provisions of this chapter shall be conspicuously and clearly set forth in the note. Any prepayment penalty required of a borrower shall be printed in bold type in the note or in any addendum to the note.
III. The advance collection of interest from a borrower shall only be permitted upon the origination of a mortgage loan and shall be computed on a simple interest per a