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HB 1207 · 2026 · House · Commerce and Consumer Affairs Committee

Banking department fees and licensing rules

AI-generated

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.

Eliminates regular examination fees for state-chartered credit unions and trust companies in favor of an annual fixed base fee, eases licensing restrictions for mortgage loan originator applicants with certain prior convictions, and authorizes the bank commissioner to communicate with license applicants through the nationwide multistate licensing system.AI-generated

Status

Signed into law · July 16, 2026
  1. ✓Introduced
  2. ✓House
  3. ✓Senate
  4. ✓Governor
  5. ✓Law

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.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as enacted. Passages chosen from the operative text.Computed by this site

“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].”
RSA 383:11
“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.”
RSA 383:11
“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.”
RSA 383:11
“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:”
RSA 383:11

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. John HuntRPrimeChair· Commerce and Consumer Affairs

Public testimony

2 signed in online · 1 wrote testimony

50% support50% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“I oppose this bill because it does not expand transparency, protections, or meaningful benefits for New Hampshire residents.”
— Tiffany Gladu, Goffstownopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced

Hearings and debates

  • Jan 29, 2026Public hearingHouse Commerce and Consumer Affairs6:50–9:342m 44slocated in the stream transcriptPublic Hearing
  • Feb 18, 2026Public hearingHouse Commerce and Consumer AffairsWatchnot located in the transcript — opens the full streamFull Committee Work Session
  • Mar 3, 2026Public hearingHouse Commerce and Consumer AffairsWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass with Amendment # 0922; Executive Session
  • Mar 11, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamOught to Pass with Amendment 2026-0922h — adopted, voice vote; Amendment # 2026-0922h — adopted, voice vote
  • Mar 31, 2026Public hearingSenate Commerce1:08:04–1:15:006m 56slocated in the stream transcriptHearing
  • May 7, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass with Amendment # 2026-1718s; Ought to Pass with Amendment # 2026-1718s — adopted, voice vote; Committee Amendment # 2026-1718s — adopted, voice vote
  • May 21, 2026Floor debateHouse floor21:47–23:081m 21slocated in the stream transcriptHouse Concurs with Senate Amendment 2026-1718s (Rep. Hunt) — adopted, voice vote
  • Jun 4, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamEnrolled Bill Amendment # 2026-2161e Adopted — voice vote; Enrolled Adopted — voice vote
  • Jun 4, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamEnrolled Bill Amendment # 2026-2161e — adopted, voice vote; Enrolled (in recess)

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Commerce and Consumer Affairs HJ 1 P. 10
  2. Jan 29, 2026HousePublic Hearing: 01/29/2026 10:00 am GP 229
  3. Feb 18, 2026HouseFull Committee Work Session: 02/18/2026 02:00 pm GP 229
  4. Mar 3, 2026HouseExecutive Session: 03/03/2026 01:00 pm GP 229
  5. Mar 3, 2026House: Ought to Pass with Amendment # 0922 03/03/2026 (Vote 14-0; CC) HC 10 P. 6
  6. Mar 11, 2026HouseAmendment # 2026-0922h: AA VV 03/11/2026 HJ 7 P. 4
  7. Mar 11, 2026HouseOught to Pass with Amendment 2026-0922h: MA VV 03/11/2026 HJ 7 P. 4
  8. Mar 12, 2026SenIntroduced 03/12/2026 and Referred to Commerce; SJ 7
  9. Mar 31, 2026SenHearing: 03/31/2026, Room 100, SH, 10:15 am; SC 11
  10. May 7, 2026Sen: Ought to Pass with Amendment # 2026-1718s, 05/07/2026; Vote 5-0; CC; SC 17
  11. May 7, 2026SenCommittee Amendment # 2026-1718s, AA, VV; 05/07/2026; SJ 11
  12. May 7, 2026SenOught to Pass with Amendment # 2026-1718s, MA, VV; OT3rdg; 05/07/2026; SJ 11
  13. May 21, 2026HouseHouse Concurs with Senate Amendment 2026-1718s (Rep. Hunt): MA VV 05/21/2026 HJ 14 P. 2
  14. Jun 4, 2026SenEnrolled Bill Amendment # 2026-2161e Adopted, VV, (In recess of 06/04/2026); SJ 14
  15. Jun 4, 2026HouseEnrolled Bill Amendment # 2026-2161e: AA VV (in recess of) 06/04/2026 HJ 15
  16. Jun 4, 2026SenEnrolled Adopted, VV, (In recess 06/04/2026); SJ 15
  17. Jun 4, 2026HouseEnrolled (in recess of) 06/04/2026
  18. Jul 10, 2026HouseSigned by Governor Ayotte 07/10/2026; Chapter 294; eff. I. Sec 1+2 eff 7/1/2027 II. Secs 19-28 eff 10/1/2027 III. Rem eff 10/1/2026

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.