Part 9 — Cost of Credit Disclosure Division 1 Interpretation and Application
70 Invitation to defer payment
payment that would otherwise be due under a credit agreement, the
invitation must clearly disclose whether interest will accrue on the
amount of the deferred payment during the period during which
payment is deferred.
(2) Where an invitation referred to in subsection (1) does not
disclose whether interest will accrue on the amount of the deferred
payment during the period during which payment is deferred, the
credit grantor is deemed to waive the interest that would otherwise
accrue during that period.
RSA 2000 cF-2 s70;2005 c9 s30