HB1207 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.
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.
Impact Score — How Does This Bill Affect You?
Overall Impact Score
Concerning
Scale: 1 (harmful) to 10 (beneficial)
Your Wallet
Fee impacts are mixed: state-chartered institutions may pay less under fixed fees, but consumer credit licensees face higher application and renewal fees, with net effect on residents unclear without detailed cost analysis.
Your Community
The bill is primarily administrative restructuring of banking department operations and does not directly alter services or funding to local communities or schools.
Your Freedom
Easing mortgage loan originator licensing restrictions for those with certain prior convictions modestly expands employment opportunities, though the specific convictions affected are not detailed in this text.
Status
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)
The Short Version
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.
Who's Behind This Bill?
Who Benefits
- ▲ New Hampshire state-chartered banks, credit unions, and trust companies (potentially lower examination fees under fixed annual structure)
- ▲ Individuals with certain prior criminal convictions seeking mortgage loan originator licenses (eased eligibility)
Who Pays the Price
- ▼ Mortgage loan originators, mortgage bankers, mortgage brokers, mortgage servicers, small loan lenders, money transmitters, and debt adjusters (face raised licensing fees)
- ▼ Consumers and small businesses using these licensed entities (may face higher costs passed through)
Bill statuses as of October 7, 2026. Check LegiScan or NH General Court for the latest.
This bill was auto-scored using AI analysis of the bill text and legislative data. Scores may be refined as we review more bills.