HB 1262 — relative to home heating oil and propane contracts and sales.

CHAPTER 222 HB 1262-FN - VERSIONFINAL ADOPTEDVERSION BY BOTH BODIES 11Mar2026...

CHAPTER 222 HB 1262-FN - VERSIONFINAL ADOPTEDVERSION BY BOTH BODIES 11Mar2026...

1222:1 Petroleum Sales Contracts.

A contract for the retail sale of home heating oil, kerosene, or liquefied petroleum gas to a consumer shall also indicate the total amount of money to be paid by the consumer, the gallons committed by the fuel dealer to be delivered under the contract, the price per gallon, the payment terms, and disclose all fees, including tank rental fees, early termination fees, and other ancillary fees, the duration of the contract, the remedies enforceable by the dealer against a non-non-performing performing consumer, and that the contract is secured as provided in this section, if applicable.

HB 1262-FN - VERSION ADOPTED BY BOTH BODIES - Page 2 - (b) Shall require dealers to [reimburse consumers] provide consumers the option of reimbursement at the contract price for any undelivered pre-purchased fuel[, within 30 days after the contract ends, unless the dealer and consumer agree to different terms] and any prorated pre-pre-buy buy fees, within 30 calendar days after the contract ends.

CHAPTER 222 HB 1262-FN - FINAL VERSION - Page 2 - (c) Shall include a clear explanation of the means by which the dealer will meet the obligations of the contract for the entire contract period, including supplier agreements, futures contracts, bonding, a line of credit or liquid product inventory.

HB 1262-FN - VERSION ADOPTED BY BOTH BODIES - Page 3 - V-b.

If the CHAPTER 222 HB 1262-FN - FINAL VERSION - Page 3 - dealer is a corporation, the report shall be signed by either the president or an officer of the corporation and shall include a list of all of the members of the board of directors of the corporation.

HB 1262-FN - VERSION ADOPTED BY BOTH BODIES - Page 4 - (a) Refund to the consumer or a third party who paid on the consumer's behalf, for the amount of propane remaining in the tank at the rate of the actual price per gallon paid for the most recent delivery of propane, less any payments due to the dealer from the consumer.

(b) If the quantity of propane remaining in the dealer-owned propane storage tank cannot be determined with certainty, the dealer shall, within,within 30 days, refund the consumer, in accordance with subparagraph VIII(a) for 80 percent of the dealer's best reasonable estimate of the quantity of fuel remaining in the tank, less any payments due from the consumer.

The dealer shall refund the remainder of the amount due as soon as the quantity of fuel left in the tank can be determined with certainty, but no CHAPTER 222 HB 1262-FN - FINAL VERSION - Page 4 - later than 14 calendar days after the removal of the tank or restocking of the tank at the time of reconnection, whichever occurs first.

(b) Dealers shall provide the consumer with the option to purchase an underground propane storage tank and associated equipment at any time during the term of service at a price agreed to in a pre-existingpre- existing written contract or if there is no pre-existing written contract, at the fair market value for a tank and associated equipment in such condition.

(c) Prior to the commencement of service, a dealer shall notify the consumer of its terms of service and provide a written disclosure itemizing all fees and their stated duration that are applicable to the consumer based on stated usage and other pertinent HB 1262-FN - VERSION ADOPTED BY BOTH BODIES - Page 5 - information.

Failure to comply with any provision of this section shall constitute an unfair or deceptive act or practice in violation of RSA 358-A and shall be subject to any of the enforcement provisions of RSA 358-A.358- A.

2222:2 Regulation of Business Practices for Consumer Protection;

3222:3 New Paragraph;

4222:4 Effective Date.

LBACHAPTER 26-2434222 05/08/2026 HB 1262-FN-1262-FN FISCAL- NOTEFINAL ASVERSION AMENDED- BYPage THE5 SENATE- (AMENDMENDApproved: # 2026-1713s) AN ACT relative to home heating oil and propane contracts and sales.

FISCALJuly IMPACT:02, 2026 Effective Date:

EstimatedAugust State31, Impact FY 2026 FY 2027 FY 2028 FY 2029 Revenue $0 $0 $0 $0 Revenue Fund None Expenditures* Indeterminable Funding Source General Fund Appropriations* $0 $0 $0 $0 Funding Source None *Expenditure = Cost of bill *Appropriation = Authorized funding to cover cost of bill Estimated Political Subdivision Impact FY 2026 FY 2027 FY 2028 FY 2029 County Revenue $0 $0 $0 $0 County Expenditures Indeterminable Local Revenue $0 $0 $0 $0 Local Expenditures Indeterminable   METHODOLOGY:

This bill adds, deletes, or modifies a criminal penalty, or changes statute to which there is a penalty for violation.

Therefore, this bill may have an impact on the judicial and correctional systems, which could affect prosecution, incarceration, probation, and parole costs, for the state, as well as county and local governments.

A summary of such costs can be found at:

https://gencourt.state.nh.us/lba/Budget/Fiscal_Notes/JudicialCorrectionalCosts.pdf AGENCIES CONTACTED:

Judicial Branch, Judicial Council, Department of Justice, Department of Corrections, New Hampshire Association of Counties, and New Hampshire Municipal Association