This bill amends RSA 540-A:3 by adding a new paragraph that prohibits landlords from requiring tenants or prospective tenants to make rent payments through electronic funds transfers. Specifically, the new legal language states that landlords cannot mandate any payments due under a residential lease, renewal, or extension agreement to be made via electronic funds transfer, including automatic or recurring transfers. This change aims to provide tenants with the option to choose their preferred method of payment without being forced into electronic transactions.

The bill is set to take effect on January 1, 2026, and is expected to have a minimal fiscal impact, estimated to be less than $10,000 for each fiscal year from 2025 to 2028. The Judicial Branch has been contacted regarding the implications of this legislation.

Statutes affected:
Introduced: 540-A:3