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.
Benefits: New Hampshire state-chartered banks, credit unions, and trust companies (potentially lower examination fees under fixed annual structure) Costs: Mortgage loan originators, mortgage bankers, mortgage brokers, mortgage servicers, small loan lenders, money transmitters, and debt adjusters (face raised licensing fees)
TL;DR: This bill restructures how New Hampshire's banking department charges fees to state-chartered banks, credit unions, and trust companies—replacing per-examination fees with fixed annual fees ($23,000 for most institutions, $11,000 for family trust companies)—and raises licensing fees for mortgage originators, small loan lenders, money transmitters, and other consumer credit entities. It also eases criminal conviction restrictions for mortgage loan originator licenses to align with federal law.
Signed 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
Sponsor: John Hunt (R)
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