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New HampshireHB12072025-2026 Regular SessionHouseWALLET

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.

Sponsored By: John B. Hunt (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

8 provisions identified: 1 benefits, 5 costs, 2 mixed.

Higher filing fees for charters

Starting October 1, 2026, the department charges set fees for key filings. A new state bank or credit union charter costs $30,000; many conversions and control changes cost $7,500; a new branch or trust office costs $1,000. Certificates of existence are $50 and name reservations are $500. If processing a new charter costs more than the fee, the filer must pay the extra amount based on the department’s per‑diem rules.

New annual exam fees for banks

Beginning July 1, 2027, state‑chartered banks, credit unions, and trust companies pay a fixed annual exam fee. Most pay $28,000 a year; family trust companies pay $11,000. If fees and fines do not cover the department’s costs, the commissioner charges a deficiency assessment based on each entity’s weighted assets. Fiduciary assets count at smaller percentages as they grow (for example, up to $5 billion at 25%, amounts above $50 billion at 1%). Entities also pay the department’s exam and investigation costs, including staff travel for non‑regular exams; unlicensed people pay only if found to have acted without a license.

Wider investment options for state banks

Beginning October 1, 2026, state depository banks may invest in loans and notes directly secured by mortgages on homes, businesses, or public property. Banks may also buy U.S. government obligations and other investment‑grade debt rated in the top three ratings by a national rating agency. Some lower‑rated convertible bonds are allowed if the underlying stock would otherwise qualify. These changes expand banks’ allowable portfolios.

Higher fees for debt adjusters

Beginning October 1, 2027, debt adjustment license applications cost $750 for the principal office and $500 per branch. The fee to grant or renew a principal license is $750 each time. These charges apply to each filing and renewal.

Higher fees for small and payday lenders

Starting October 1, 2027, licenses for small loans, title loans, and payday loans cost $1,000 for the principal office and $750 per branch. These fees apply for both initial applications and renewals. Pay renewal fees by December 31 for the next year.

Stronger checks on trust company leaders

Effective October 1, 2026, trust companies must get the commissioner’s consent to change conditions in prior approvals and explain the reason. A 10% to 50% equity transfer counts as a change of ownership for regulatory purposes. Each new director must pass a background check; the commissioner may require state and federal criminal‑history checks. The company must report any material change in a director’s background within 30 days and pays the investigation costs.

Money transmitter fees up; rule dropped

Starting October 1, 2027, the money transmitter application fee is $1,000 and the annual renewal fee is $1,000. Licenses run January 1 to December 31. On October 1, 2026, the state repeals a rule on average daily outstanding transmission liability. Businesses pay more to get and keep a license, but one liability provision no longer applies.

Mortgage licensing fees rise, rules eased

Beginning October 1, 2027, mortgage banker and servicer principal applications and renewals cost $1,000; broker principal is $750; each branch is $500. Mortgage originator application and annual renewal fees are $250, and transfers cost $50. Originators must apply and register through NMLS and provide a Social Security number for checks. On October 1, 2026, the state repeals one licensing subsection that set who counts as a mortgage banker, broker, or servicer.

Sponsors & Cosponsors

Sponsor

  • John B. Hunt

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor Ayotte 07/10/2026; Chapter 294; eff. I. Sec 1+2 eff 7/1/2027 II. Secs 19-28 eff 10/1/2027 III. Rem eff 10/1/2026

    7/16/2026House

  2. Enrolled (in recess of) 06/04/2026 HJ 15 P. 56

    7/1/2026House

  3. Enrolled Adopted, VV, (In recess 06/04/2026); SJ 15

    6/30/2026Senate

  4. Enrolled Bill Amendment # 2026-2161e: AA VV (in recess of) 06/04/2026 HJ 15 P. 47

    6/17/2026House

  5. Enrolled Bill Amendment # 2026-2161e Adopted, VV, (In recess of 06/04/2026); SJ 14

    6/17/2026Senate

  6. House Concurs with Senate Amendment 2026-1718s (Rep. Hunt): MA VV 05/21/2026 HJ 14 P. 2

    5/21/2026House

  7. Ought to Pass with Amendment # 2026-1718s, MA, VV; OT3rdg; 05/07/2026; SJ 11

    5/5/2026Senate

  8. Committee Amendment # 2026-1718s, AA, VV; 05/07/2026; SJ 11

    5/5/2026Senate

  9. Committee Report: Ought to Pass with Amendment # 2026-1718s, 05/07/2026; Vote 5-0; CC; SC 17

    4/29/2026Senate

  10. Hearing: 03/31/2026, Room 100, SH, 10:15 am; SC 11

    3/18/2026Senate

  11. Introduced 03/12/2026 and Referred to Commerce; SJ 7

    3/17/2026Senate

  12. Ought to Pass with Amendment 2026-0922h: MA VV 03/11/2026 HJ 7 P. 4

    3/11/2026House

  13. Amendment # 2026-0922h: AA VV 03/11/2026 HJ 7 P. 4

    3/11/2026House

  14. Committee Report: Ought to Pass with Amendment # 0922 03/03/2026 (Vote 14-0; CC) HC 10 P. 6

    3/5/2026House

  15. Executive Session: 03/03/2026 01:00 pm GP 229

    2/25/2026House

  16. Full Committee Work Session: 02/18/2026 02:00 pm GP 229

    2/13/2026House

  17. Public Hearing: 01/29/2026 10:00 am GP 229

    1/22/2026House

  18. Introduced 01/07/2026 and referred to Commerce and Consumer Affairs HJ 1 P. 10

    12/1/2025House

Bill Text

  • As Amended

    6/17/2026

    PDF

  • Enrolled

    6/17/2026

    HTML

  • Introduced

    12/1/2025

    PDF

  • CHAPTERED FINAL VERSION

    PDF

  • Version adopted by both bodies

    PDF

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