New Hampshire 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.

What the bill says

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 ───────────────────────────────────────────────────────────────── 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.

From the chaptered text, July 10, 2026:

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 ───────────────────────────────────────────────────────────────── 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. - …