New Hampshire 2026 Session Status: Enacted 1 R cosponsors

HB 1502 — governing special bank and credit union deposits.

Last action — Signed by Governor Ayotte 07/02/2026; Chapter 228; eff. 8/31/2026

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced December 10, 2025. Enacted.

Signed by Governor Kelly Ayotte (Republican) on July 10, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 52% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill governs the management of special bank and credit union deposits.

This legislation sets rules for handling specific deposits in banks and credit unions. It aims to establish clear guidelines regarding these financial institutions’ deposit practices.

Summary

governing special bank and credit union deposits.

Bill Text

What changed in the latest version

236 added · 243 removed

Plain-language change summary

The final version of Bill HB 1502 adds a new chapter known as the "Uniform Special Deposits Act," which specifically regulates deposits held by banks and credit unions for particular, uncertain purposes on behalf of beneficiaries. This change clarifies the definitions related to such deposits, including what constitutes an "account agreement" and the roles of "beneficiaries" and "contingencies." This matters because it provides clearer guidelines and protections for both financial institutions and their customers regarding how these special deposits are managed and accessed, ensuring that the intentions of depositors are legally recognized and upheld.

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Latest
HB 1502 - VERSION ADOPTED BY BOTH BODIES 4Jun2026...
CHAPTER 228 HB 1502 - FINAL VERSION 4Jun2026...
HB 1502 - VERSION ADOPTED BY BOTH BODIES 4Jun2026...
CHAPTER 228 HB 1502 - FINAL VERSION 4Jun2026...
1 New Chapter;
228:1 New Chapter;
HB 1502 - VERSION ADOPTED BY BOTH BODIES - Page 2 - (1) If the bank:
(1) If the bank:
and (B) Maintains reasonable compliance with the routine, actual knowledge of the fact by that individual;
and CHAPTER 228 HB 1502 - FINAL VERSION - Page 2 - (B) Maintains reasonable compliance with the routine, actual knowledge of the fact by that individual;
HB 1502 - VERSION ADOPTED BY BOTH BODIES - Page 3 - XI.
XI.
XIV.
CHAPTER 228 HB 1502 - FINAL VERSION - Page 3 - XIV.
HB 1502 - VERSION ADOPTED BY BOTH BODIES - Page 4 - III.
III.
I.
CHAPTER 228 HB 1502 - FINAL VERSION - Page 4 - I.
Unless the account agreement provides otherwise, if the funds available in the special deposit are insufficient to cover an obligation to pay a beneficiary, a beneficiary may elect to be paid the funds that are available or, if there is more than one beneficiary, a pro rata share of the funds HB 1502 - VERSION ADOPTED BY BOTH BODIES - Page 5 - available.
Unless the account agreement provides otherwise, if the funds available in the special deposit are insufficient to cover an obligation to pay a beneficiary, a beneficiary may elect to be paid the funds that are available or, if there is more than one beneficiary, a pro rata share of the funds available.
II.
CHAPTER 228 HB 1502 - FINAL VERSION - Page 5 - II.
HB 1502 - VERSION ADOPTED BY BOTH BODIES - Page 6 - I.
I.
VI.
CHAPTER 228 HB 1502 - FINAL VERSION - Page 6 - VI.
Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in HB 1502 - VERSION ADOPTED BY BOTH BODIES - Page 7 - the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.
Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.
The Uniform Commercial Code, RSA 382-A:9-101 to 382-A:9-628, and law governing consumer protection, law governing deposits generally, law related to escheat and abandoned or unclaimed property, and the principles of law and equity, including law related to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, and bankruptcy, may supplement this chapter except to the extent inconsistent with this chapter.
The Uniform Commercial Code, RSA 382-A:9-101 to 382- A:9-628, and law governing consumer protection, law governing deposits generally, law related to escheat and abandoned or unclaimed property, and the principles of law and equity, including law related to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, and bankruptcy, may supplement this chapter except to the extent inconsistent with this chapter.
2 Effective Date.
228:2 Effective Date.
Approved:
July 02, 2026 Effective Date:
August 31, 2026
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Action History

  1. Signed by Governor Ayotte 07/02/2026; Chapter 228; eff. 8/31/2026

  2. Enrolled (in recess of) 06/04/2026 HJ 15

  3. Enrolled Adopted, VV, (In recess 06/04/2026); SJ 14

  4. Enrolled Bill Amendment # 2026-2139e: AA VV (in recess of) 06/04/2026 HJ 15

  5. Enrolled Bill Amendment # 2026-2139e Adopted, VV, (In recess of 06/04/2026); SJ 14

  6. Ought to Pass: MA, VV; OT3rdg; 05/07/2026; SJ 11

  7. Committee Report: Ought to Pass, 05/07/2026; Vote 5-0; CC; SC 17

  8. Hearing: 03/31/2026, Room 100, SH, 10:25 am; SC 11

  9. Introduced 03/12/2026 and Referred to Commerce; SJ 7

  10. Ought to Pass: MA VV 03/11/2026 HJ 7 P. 12

  11. Committee Report: Ought to Pass 03/03/2026 (Vote 14-0; CC) HC 10 P. 8

  12. Executive Session: 03/03/2026 01:00 pm GP 229

  13. Full Committee Work Session: 02/18/2026 02:00 pm GP 229

  14. Public Hearing: 01/29/2026 10:15 am GP 229

  15. Introduced 01/07/2026 and referred to Commerce and Consumer Affairs HJ 1 P. 23

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 414 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (414)

414 members have not signed on to this bill.

Show all 414 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 1502 do?
governing special bank and credit union deposits.
Who sponsors HB 1502?
HB 1502 is sponsored by John Hunt (Republican).
What is the current status of HB 1502?
This bill has been enacted into law. Introduced December 10, 2025. Enacted.
Where can I track HB 1502?
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