HB 1207 — 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.

CHAPTER 294 HB 1207-FN - VERSIONFINAL ADOPTEDVERSION BY BOTH BODIES 11Mar2026...

CHAPTER 294 HB 1207-FN - VERSIONFINAL ADOPTEDVERSION BY BOTH BODIES 11Mar2026...

1294:1 Banks and Banking;

2294:2 Banks and Banking;

Notwithstanding paragraph I, the commissioner shall not charge or collect from a New Hampshire state-chartered depository bank, credit union, trust company, or family trust company the examination fee set forth in paragraph I in connection with a regular examination of such institution under RSA 383:9-d, RSA 383-C:14-1401, or RSA 383-383-D:11-1101 D:11-1101 that commences on or after July 1, 2027.

Beginning in the fiscal year that begins on July 1, 2027, and in each fiscal year thereafter, the commissioner shall charge and HB 1207-FN - VERSION ADOPTED BY BOTH BODIES - Page 2 - collect an annual fixed base fee from New Hampshire state-chartered institutions as follows:

CHAPTER 294 HB 1207-FN - FINAL VERSION - Page 2 - I-b.

HB 1207-FN - VERSION ADOPTED BY BOTH BODIES - Page 3 - (7) Fiduciary assets that are $50,000,000,001 or more, shall be calculated at one percent.

Each family trust company shall be charged and pay such proportion of said balance applicable to all banks, credit unions, and trust companies under the department's accounting unit designation, as its total assets bear to the total assets of the entities as shown by their reports to the commissioner as of June 30 preceding such charges, except that the percent of the fiduciary assets used in the calculation of the total assets of each family trust company shall be equal to 5 percent of its fiduciary assets as reported on its report to the commissioner as of June 30 of the CHAPTER 294 HB 1207-FN - FINAL VERSION - Page 3 - year preceding the charges;

Each entity subject to the supervision of the commissioner under the provisions of RSA 361-A, RSA 397-A, RSA 399-A, RSA 399-D, and RSA 399-399-G, G, shall be charged and shall pay such proportion of the balance applicable to the consumer credit administration division under the department's accounting unit designation as the gross revenue received from the total dollar volume of loans made, originated, funded, or brokered, or debt adjustment contracts entered into, or mortgage servicing fees received or money transmitted from each entity's New Hampshire business bears to the total gross revenue received from the total dollar volume of the loans made, originated, funded, or brokered, or debt adjustment contracts entered into, or mortgage servicing fees received, or money transmitted, from New Hampshire business by all entities during the preceding calendar year ending December 31, as shown by their reports to the commissioner.

If the state-charteredstate- chartered institution has not yet made payment of the annual fixed base fee for that fiscal year, it shall also be responsible for payment of the annual fixed base fee.

HB 1207-FN - VERSION ADOPTED BY BOTH BODIES - Page 4 - (a) Charge and collect payment of the annual fixed base fee set forth in paragraph I-a prior to the approval of the dissolution or conversion;

and eithereither: [(a)] (1) Impose requirements to ensure payment of the assessment after the approval of the dissolution or conversion;

[(a)] (1) Impose requirements to ensure payment of the assessment after the approval of the dissolution or conversion;

3294:3 Banks and Banking;

Amend RSA 397-A:5,397- A:5, IV-c(a)(2) and (3) to read as follows:

CHAPTER 294 HB 1207-FN - FINAL VERSION - Page 4 - (2) Has not been convicted of, or pled guilty or nolo contendere to any of the following, provided that an expunged conviction or pardoned conviction shall not necessitate denial of the license application:

[and] or (C) Any [felony more than 10 years prior the date of application that has not been pardoned, except that if the felony is not for an act of fraud, dishonesty, theft, or a breach of trust or money laundering, or other crime concerning financial services or a financial services-services-related related business including crime related to making false statements, or omissions, any theft or wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses] misdemeanor which involves an act of fraud, dishonesty, theft, or a breach of trust or money laundering or other misdemeanor concerning financial services or a financial services-related business, including a crime related to making false statements or omissions, any theft or wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses, except that for such a misdemeanor conviction occurring more than 10 years prior to the date of application, the commissioner may allow licensure by rule or order;

and HB 1207-FN - VERSION ADOPTED BY BOTH BODIES - Page 5 - (3) [Repealed].

4294:4 Banks and Banking;

CHAPTER 294 HB 1207-FN - FINAL VERSION - Page 5 - 294:5 Pawnbrokers and Moneylenders;

6294:6 Pawnbrokers and Moneylenders;

HB294:7 1207-FN - VERSION ADOPTED BY BOTH BODIES - Page 6 - 7 New Paragraphs;

8294:8 New Paragraph;

9294:9 New Paragraph;

10CHAPTER 294 HB 1207-FN - FINAL VERSION - Page 6 - 294:10 New Paragraph;

“Money transmission on behalf of [name of licensee] is conducted at this location pursuant to the New Hampshire law that governs the licensing and regulation of money transmitters, Chapter 399-399-G G of the New Hampshire Revised Statutes Annotated.” 11294:11 Banks and Banking;

(b) [A notice] An application seeking approval of the proposed conversion shall be filed with the commissioner under RSA 383-A:6-602, together with a statement of the results of the HB 1207-FN - VERSION ADOPTED BY BOTH BODIES - Page 7 - vote, verified by the affidavits of the president or vice president and the clerk, within 10 days after the vote is taken.

12294:12 New Section;

A trust company shall submit an application in accordance with RSA 383-A:6-602 to seek the prior consent of the commissioner to modify any condition of a prior approval of a filing issued by the commissioner, including any condition imposed pursuant to RSA 383-A:3-308,383- A:3-308, RSA 383-A:3-319, or RSA 383-A:6-604.  The application should contain the following information:(a)information: a description of the original approved application;

(a) a description of the original approved application;

13294:13 Banks and Banking;

$2,000 (5) Fee for a reduction in a depository bank's capital, change in business plan or change in required capital of a trust company, amendment to a state bank's organizational instrument, CHAPTER 294 HB 1207-FN - FINAL VERSION - Page 7 - amendment of a credit union's bylaws, or formation of a subsidiary entity that requires approval of the commissioner:

$1,000 HB294:14 1207-FN - VERSION ADOPTED BY BOTH BODIES - Page 8 - 14 Banks and Banking;

Amend RSA 383-B:3-303(b)383-B:3-303(b)(1)(A) to read as follows:

15294:15 Banks and Banking;

Amend RSA 383-B:3-303(c)383-B:3-303(c)(1) to read as follows:

16294:16 Banks and Banking;

Amend RSA 383-B:3-303(d)383-B:3-303(d)(1) to read as follows:

17294:17 Banks and Banking;