revising the laws relative to retail installment sales of motor vehicles, and relative to the sale of a vehicle to a Massachusetts resident.

This New Hampshire bill updates the laws governing retail installment sales of motor vehicles by redefining key terms and clarifying licensing requirements for dealers and lenders. It specifically establishes precise definitions for financial concepts like "balloon payments" and "finance charges," while also detailing who is considered a controlling owner or principal in a lending company. The legislation aims to improve transparency and regulatory oversight by standardizing how these terms are applied across the state's vehicle financing system. Although the bill was signed into law, it was temporarily laid on the table during a legislative session before being enrolled and enacted.