MHHS · Consumer Protection Act
Part 12 — .1
124.81 Creation, retention of records
relating to the payday lender's collection activities with respect to
each payday loan, including but not limited to records respecting
(a) letters, e-mail and other correspondence sent to the borrower,
and
(b) logs of telephone calls and other records of contact such as
note lines.
(2) A payday lender shall retain the following documents and
records in respect of each payday loan for a period of 3 years after
the date on which the payday loan was fully repaid, or after the
later of the date of default or the date of last payment, if the loan is
not fully repaid:
(a) each payday loan agreement;
(b) each acknowledgment of receipt of payment;
(c) any notice of cancellation;
RSA 2000
(d) the documents and records referred to in subsection (1);
(e) any other documents in respect of the payday loan.
2016 cE-9.5 s8