RSA 358-K:1 Definitions.

In this chapter:
I. "Actuarial method" means the method of allocating payments made on a debt between the unpaid principal balance and the interest and other charges pursuant to which a payment is applied first to the interest and other charges due and any remainder is subtracted from the unpaid principal balance.
II. "Closed-end consumer credit transaction" means a consumer credit transaction other than one pursuant to open-end credit.
III. "Consumer" means the buyer or debtor other than an organization to whom credit is extended in a consumer credit transaction.
IV. "Consumer credit sale" means a sale of goods or services in which the seller is a creditor, the buyer is a consumer, the goods or services are purchased primarily for a personal, family or house