Bill > HB1207

This bill proposes several changes to laws governing state-chartered banks, credit unions, trust companies, and other consumer credit entities under the authority of the banking department, primarily by adjusting fees and modifying certain application and licensing requirements. Key provisions include increasing various filing and license application fees for entities regulated by the consumer credit division, such as mortgage bankers, brokers, servicers, and money transmitters, while also establishing new annual fixed base fees for state-chartered depository banks, credit unions, and trust companies, replacing regular examination fees. The bill also eases restrictions for individuals with certain felony convictions to obtain mortgage loan originator licenses by shortening the look-back period for some offenses and clarifying that pardoned or expunged convictions will not automatically disqualify an applicant. Additionally, it updates procedures for deeming applications abandoned if applicants fail to respond to departmental communications and makes technical amendments to various statutes related to trust companies and banking operations, with different sections taking effect on various dates in 2026, 2027, and 2028.

Business and Industry

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1809&inflect=2