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New HampshireSB852025-2026 Regular SessionSenateWALLET

SB85

Sponsored By: Howard Pearl (Republican)

Became Law

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

State banks' single-borrower cap updated

The law sets how much a New Hampshire state bank can lend to one borrower. The cap is the greater of the federal national bank limit or 20% of the bank's capital. A bank can lend another 5% (up to 25%) if the part above 20% is fully secured by U.S. government obligations. Banks also may not make loans or loan groups that threaten the bank's safety and soundness.

State bank charter and change rules

Organizers applying to start a New Hampshire state bank must submit a capital plan, a business plan, and pro forma financials for the first 3 years. This replaces the old 5-year projection requirement. For the first 3 years after a bank gets its certificate, any material change to its plans needs the commissioner's approval before it takes effect.

Sponsors & Cosponsors

Sponsor

  • Howard Pearl

    Republican • Senate

Cosponsors

  • Cindy Rosenwald

    Democratic • Senate

  • Dan McGuire

    Republican • House

  • Daniel E. Innis

    Republican • Senate

  • David H. Watters

    Democratic • Senate

  • John B. Hunt

    Republican • House

  • John Michael Potucek

    Republican • House

  • Keith R. Murphy

    Republican • Senate

  • Mark McConkey

    Republican • Senate

  • Michael I Moffett

    Republican • House

  • Tara Reardon

    Democratic • Senate

  • Tim McGough

    Republican • Senate

  • Timothy Lang

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by the Governor on 07/15/2025; Chapter 0225; Effective 07/15/2025

    7/22/2025Senate

  2. Enrolled Adopted, VV, (In recess 06/26/2025); SJ 18

    7/2/2025Senate

  3. Enrolled (in recess of) 06/26/2025 HJ 18 P. 59

    7/2/2025House

  4. Ought to Pass: MA VV 06/05/2025 HJ 16 P. 4

    6/5/2025House

  5. Committee Report: Ought to Pass 05/27/2025 (Vote 16-0; CC) HC 27 P. 7

    5/28/2025House

  6. Executive Session: 05/27/2025 01:15 pm LOB 302-304

    5/21/2025House

  7. Subcommittee Work Session: 05/06/2025 10:00 am LOB 302-304

    4/30/2025House

  8. Public Hearing: 04/22/2025 02:00 pm LOB 302-304

    4/16/2025House

  9. Introduced (in recess of) 03/27/2025 and referred to Commerce and Consumer Affairs HJ 11 P. 110

    3/28/2025House

  10. Ought to Pass with Amendment #2025-0907s, MA, VV; OT3rdg; 03/20/2025; SJ 8

    3/20/2025Senate

  11. Committee Amendment # 2025-0907s, AA, VV; 03/20/2025; SJ 8

    3/20/2025Senate

  12. Committee Report: Ought to Pass with Amendment # 2025-0907s, 03/20/2025; Vote 6-0; CC; SC 13

    3/12/2025Senate

  13. Hearing: 03/04/2025, Room 100, SH, 11:15 am; SC 11

    2/26/2025Senate

  14. Introduced 01/09/2025 and Referred to Commerce; SJ 3

    1/22/2025Senate

Bill Text

  • Enrolled

    7/2/2025

    HTML

  • Introduced

    1/22/2025

    PDF

  • CHAPTERED FINAL VERSION

    PDF

  • Version adopted by both bodies

    PDF

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