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Creditor and Debtor

Creditor and debtor law includes the rights and obligations of (1) creditors who extend credit and make loans to consumers and businesses and (2) consumers and businesses who seek credit and loans for their personal and business finances. Creditor/debtor law consists primarily of state and federal statutes.

In New Hampshire, creditor and debtor law is governed by a combination of state statutes and federal laws that outline the rights and obligations of both parties. Creditors are individuals or entities that extend credit or make loans, while debtors are consumers or businesses that obtain credit or loans for personal or business purposes. State laws in New Hampshire regulate various aspects of the creditor-debtor relationship, including the creation and enforcement of security interests under the Uniform Commercial Code (UCC), debt collection practices, and the procedures for resolving insolvency issues such as bankruptcy, which is primarily governed by federal law. Additionally, the New Hampshire Consumer Protection Act provides guidelines on fair business practices to protect consumers from deceptive and unfair practices by creditors. Debtors have certain rights to protect them from abusive collection practices, as outlined in the Fair Debt Collection Practices Act (FDCPA), a federal law that sets standards for the treatment of debtors by collection agencies.

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Creditor and Debtor

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New-Hampshire State Code

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Creditor and Debtor

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