New Hampshire Debt Settlement Laws

Debt Settlement License Registration Required:

Statute: N.H. Rev. Stat. Ann. §399-D:1 et seq.

Definitions: “Debt adjustment” means:

       (a) Providing debt management advice or counseling to consumers for direct or indirect compensation;
       (b) Creating debt management plans for consumers for direct or indirect compensation;
       (c) Negotiating with one or more creditors on behalf of a consumer for direct or indirect compensation; or
       (d) Receiving, for a fee or compensation and as agent of a debtor, money or evidences thereof for the purpose of distributing such money or evidences thereof among creditors in full or partial payment of obligations of the debtor.
       (e) A person otherwise engaging in the debt adjustment business including but not limited to acting upon outstanding debt adjustment contracts is providing debt adjustment within the intent of this chapter.
       (f) Any person that serves as an intermediary between a consumer and one or more creditors of the consumer for the purpose of obtaining concessions.