Some lenders will have cap on interest rates.

CONCORD – New Hampshire will join the ranks of states with restrictions on how much lenders can charge for short-term, payday and title loans following Gov. John Lynch's signature on two new state laws this week.
The first bill (HB 267) at issue caps such loans at an annual interest rate of 36 percent.
The cap means title and payday loan companies could charge no more than $1.38 on a $100 loan taken out for two weeks.
The second bill creates an 18-person commission to examine options for short-term financing and report back to lawmakers by Nov. 14, or a week after Election Day.
The payday loan industry exploded after the Legislature in 2000 had removed earlier restrictions and let these lenders charge high, short-term rates.
These industry leaders have warned they will leave the state when the 36 percent cap goes into effect Jan. 1.Gone with them would be more than 30 storefronts that lent more than $160 million last year for companies employing more than 200 in the state, they argued.

For more information about some lenders will have cap on interest rates, please see on nashuatelegraph.com