New Hampshire HB 1207: relative to certain laws applicable to state chartered banks, credit unions, trust companies, and other consumer credit entities subject to the authority of the banking department.

Bill Text

HB 1207-FN - AS AMENDED BY THE SENATE

11Mar2026... 0922h

05/07/2026 1718s

2026 SESSION

 26-2603

 07/05

HOUSE BILL 1207-FN

AN ACT relative to certain laws applicable to state chartered banks, credit unions, trust companies, and other consumer credit entities subject to the authority of the banking department.

SPONSORS: Rep. Hunt, Ches. 14

COMMITTEE: Commerce and Consumer Affairs

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AMENDED ANALYSIS

This bill:

 I. Eliminates regular examination fees for New Hampshire state-chartered credit unions, trust companies, and family trust companies and replaces them with an annual fixed base fee.

 II. Aligns minimum license requirements in New Hampshire state law with the federal Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act by easing the restriction for applicants with certain prior criminal convictions to qualify for a mortgage loan originator license.

 III. Authorizes the bank commissioner to conduct certain communications with consumer credit division license applicants through the nationwide multistate licensing system.

 IV. Makes amendments to the state law that governs the licensing, supervision, and examination of money transmitters.

 V. Modifies application requirements for financial institution applicants, including raising filing fees for certain types of applications and notices and expanding the definition of a “change of ownership of a trust company.”

 VI. Raises the license application and renewal fees for small loan lender, mortgage banker, mortgage servicer, mortgage broker, mortgage loan originator, money transmitter, and debt adjuster licensees.

 VII. Makes other technical amendments to the New Hampshire state banking laws.

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Explanation: Matter added to current law appears in bold italics.

 Matter removed from current law appears [in brackets and struckthrough.]

 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

11Mar2026... 0922h

05/07/2026 1718s 26-2603

 07/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT relative to certain laws applicable to state chartered banks, credit unions, trust companies, and other consumer credit entities subject to the authority of the banking department.

Be it Enacted by the Senate and House of Representatives in General Court convened:

 1 Banks and Banking; Loans Associations; Credit Unions; Bank Commissioner; Duties. Amend RSA 383:9, III to read as follows: 

 III. [The] Except as set forth in RSA 383:11, I-a, the cost of any examination or investigation shall be borne by the person examined or investigated. In the case of an unlicensed person, investigative costs will be assessed only if the person is determined to have engaged in unlicensed activity. 

 2 Banks and Banking; Loans Associations; Credit Unions; Bank Commissioner; Examination, Annual Fixed Base Fee, and Assessment Costs. Amend RSA 383:11 to read as follows:

 383:11 Examination, Annual Fixed Base Fee, and Assessment Costs.

 I. The commissioner shall charge and collect from each entity, the condition and management of which he or she examines under the provisions of RSA 383:9, the actual cost of travel, lodging, meals, and other expenses of examination personnel employed in making examinations under this section plus an examination fee[, which]. The examination fee shall be calculated as a sum equal to the product of the average daily rate of overall salary costs, including the benefits portion thereof, and expenses of all personnel employed in making examinations under the provisions of RSA 383:9 over the 2 prior fiscal years, multiplied by the number of personnel days devoted to the examination of the particular entity, provided, however, that no such entity shall be charged or pay for less than one full day. Sums collected under this section shall be payable to the state treasurer as restricted revenue and credited, in accordance with the department's accounting unit designation, to the appropriation for the commissioner or the consumer credit administration division.

 I-a. Notwithstanding paragraph I, the commissioner shall not charge or collect from a New Hampshire state-chartered depository bank, credit union, trust company, or family trust company the examination fee set forth in paragraph I in connection with a regular examination of such institution under RSA 383:9-d, RSA 383-C:14-1401, or RSA 383-D:11-1101 that commences on or after July 1, 2027. Beginning in the fiscal year that begins on July 1, 2027, and in each fiscal year thereafter, the commissioner shall charge and collect an annual fixed base fee from New Hampshire state-chartered institutions as follows: 

 (a) From each state-chartered depository bank, credit union, trust company, or similar e