Bill > HB1262

This bill modifies existing New Hampshire law regarding home heating oil, kerosene, and liquefied petroleum gas (propane) contracts to enhance consumer protections. The legislation requires that all contracts for these fuel services be in writing, with clear, plain-language disclosures about terms and conditions, including total cost, gallons committed, price per gallon, payment terms, and any additional fees like tank rental charges. For prepaid contracts, dealers are now restricted from advertising or soliciting such contracts outside the period of May 1 to October 31, and must provide consumer-friendly provisions such as reimbursing customers for undelivered pre-purchased fuel and prorated pre-buy fees. The bill mandates that dealers secure prepaid contracts through methods like futures contracts, surety bonds, letters of credit, or maintaining a liquid product inventory. Dealers must also register their intent to offer prepaid contracts with the secretary of state, file an annual report, and comply with new requirements such as providing contact information for the state consumer protection hotline and allowing consumers to discontinue tank rentals with reasonable notice. Additionally, the bill prohibits charging rental fees for tanks owned by consumers or other companies and establishes that failure to comply constitutes an unfair or deceptive practice, potentially subject to legal penalties.

Business and Industry

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1636&inflect=2