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HB 1502 · 2026 · House · Commerce and Consumer Affairs Committee

Special-purpose bank deposit rules

AI-generated

governing special bank and credit union deposits.

Regulates deposits held at banks and credit unions that are designated for a specific, contingent purpose on behalf of a beneficiary.AI-generated

Status

Signed into law · July 10, 2026
  1. ✓Introduced
  2. ✓House
  3. ✓Senate
  4. ✓Governor
  5. ✓Law

Analysis

This bill regulates deposits held at banks and credit unions that are used for a specific, contingent purpose on behalf of a beneficiary.

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

“May have one or more beneficiaries as additional parties; and (c) States the intention of the parties to establish a special deposit governed by this chapter.”
RSA 384-H:2
“This chapter shall apply to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.”
RSA 384-H:3
“The effects of RSA 384-H:2 through 384-H:6, 384-H:8 through 384-H:11, and 384-H:14 shall not be varied by agreement, except as provided in those sections.”
RSA 384-H:4
“A special deposit shall serve at least one permissible purpose stated in the account agreement from the time the special deposit is created in the account agreement until termination of the special deposit.”
RSA 384-H:6

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. John HuntRPrimeChair· Commerce and Consumer Affairs

Public testimony

3 signed in online · 2 wrote testimony

33% support67% 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
“This just seems like an unneccesary and complicated way to launder money. No thanks.”
— Kelly Butler, Gilsumopposes

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
  • Mar 3, 2026HouseCommittee report· consent calendar: Ought to Pass14–0
    Overall
    100% yea
  • Mar 11, 2026HouseVoice voteOught to Passadopted
  • May 7, 2026SenateCommittee report: Ought to Pass5–0
    Overall
    100% yea
  • May 7, 2026SenateVoice voteOught to Passadopted
  • Jun 4, 2026SenateVoice voteEnrolled Bill Amendment # 2026-2139eadopted
  • Jun 4, 2026SenateVoice voteEnrolledadopted

Hearings and debates

  • Jan 29, 2026Public hearingHouse Commerce and Consumer Affairs35:04–51:0716m 3slocated 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; Executive Session
  • Mar 11, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamOught to Pass — adopted, voice vote
  • Mar 31, 2026Public hearingSenate Commerce1:22:35–1:33:1610m 41slocated in the stream transcriptHearing
  • May 7, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass; Ought to Pass — adopted, voice vote
  • Jun 4, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamEnrolled Bill Amendment # 2026-2139e Adopted — voice vote; Enrolled Adopted — voice vote
  • Jun 4, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamEnrolled Bill Amendment # 2026-2139e — 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. 23
  2. Jan 29, 2026HousePublic Hearing: 01/29/2026 10:15 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 03/03/2026 (Vote 14-0; CC) HC 10 P. 8
  6. Mar 11, 2026HouseOught to Pass: MA VV 03/11/2026 HJ 7 P. 12
  7. Mar 12, 2026SenIntroduced 03/12/2026 and Referred to Commerce; SJ 7
  8. Mar 31, 2026SenHearing: 03/31/2026, Room 100, SH, 10:25 am; SC 11
  9. May 7, 2026Sen: Ought to Pass, 05/07/2026; Vote 5-0; CC; SC 17
  10. May 7, 2026SenOught to Pass: MA, VV; OT3rdg; 05/07/2026; SJ 11
  11. Jun 4, 2026SenEnrolled Bill Amendment # 2026-2139e Adopted, VV, (In recess of 06/04/2026); SJ 14
  12. Jun 4, 2026HouseEnrolled Bill Amendment # 2026-2139e: AA VV (in recess of) 06/04/2026 HJ 15
  13. Jun 4, 2026SenEnrolled Adopted, VV, (In recess 06/04/2026); SJ 14
  14. Jun 4, 2026HouseEnrolled (in recess of) 06/04/2026 HJ 15
  15. Jul 2, 2026HouseSigned by Governor Ayotte 07/02/2026; Chapter 228; eff. 8/31/2026

Coverage

No reporting linked yet.

Documents (PDF)

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