The bill HB 1207-FN proposes significant amendments to New Hampshire's banking laws, particularly concerning the regulation and fees for state-chartered financial institutions. A key change is the elimination of regular examination fees for state-chartered credit unions, trust companies, and family trust companies, which will be replaced by an annual fixed base fee of $23,000 for most institutions and $11,000 for family trust companies, effective July 1, 2027. The bill also clarifies that the cost of examinations will be borne by the examined entity, with specific exceptions, and introduces a new section detailing the annual fee structure. Additionally, it modifies licensing requirements for mortgage loan originators to align with the federal SAFE Act, easing restrictions for applicants with certain prior criminal convictions, and raises application and renewal fees for various financial licenses.

Moreover, the bill amends the licensing processes for mortgage bankers, brokers, and servicers, increasing application fees and establishing new requirements for trust companies, including background checks for new directors. It also introduces a new fee structure for various banking applications, significantly increasing fees for new state bank or credit union charters and charter conversions. The bill aims to streamline the regulatory process while enhancing accountability and oversight within the banking sector, with the expectation of generating additional revenue for the state while maintaining a net zero impact on state revenues from the changes in examination fees.

Statutes affected:
Introduced: 383:9, 383:11, 397-A:5, 397-A:7, 399-A:6, 399-D:6, 399-G:6, 399-G:10, 399-G:18, 399-G:21, 383-E:11-1101, 383-A:6-609, 383-B:3-303, 383-C:2-201, 383-C:6-601, 399-G:8, 399-G:11, 399-D:4, 399-D:5, 399-A:4, 399-A:5, 397-A:8
As Amended by the House: 383:9, 383:11, 397-A:5, 397-A:7, 399-A:6, 399-D:6, 399-G:6, 399-G:10, 399-G:18, 399-G:21, 383-E:11-1101, 383-A:6-609, 383-B:3-303, 383-C:2-201, 383-C:6-601, 399-G:8, 399-G:11, 399-D:4, 399-D:5, 399-A:4, 399-A:5, 397-A:8
As Amended by the Senate: 383:9, 383:11, 397-A:5, 397-A:7, 399-A:6, 399-D:6, 399-G:6, 399-G:10, 399-G:18, 399-G:21, 383-E:11-1101, 383-A:6-609, 383-B:3-303, 383-C:2-201, 383-C:6-601, 399-G:8, 399-G:11, 399-D:4, 399-D:5, 399-A:4, 399-A:5, 397-A:8
Version adopted by both bodies: 383:9, 383:11, 397-A:5, 397-A:7, 399-A:6, 399-D:6, 399-G:6, 399-G:10, 399-G:18, 399-G:21, 383-E:11-1101, 383-A:6-609, 383-B:3-303, 383-C:2-201, 383-C:6-601, 399-G:8, 399-G:11, 399-D:4, 399-D:5, 399-A:4, 399-A:5, 397-A:8
HB1207 text: 383:9, 383:11, 397-A:5, 397-A:7, 399-A:6, 399-D:6, 399-G:6, 399-G:10, 399-G:18, 399-G:21, 383-E:11-1101, 383-A:6-609, 383-B:3-303, 383-C:2-201, 383-C:6-601, 399-G:8, 399-G:11, 399-D:4, 399-D:5, 399-A:4, 399-A:5, 397-A:8