HB 422 – AS INTRODUCED
2005 SESSION
05/03
HOUSE BILL 422
AN ACT relative to exemptions from the consumer protection act.
SPONSORS: Rep. Marshall Quandt, Rock 13
This bill provides that trade or commerce that is in compliance with the laws and rules of certain banking, insurance, utility, and securities regulators is exempt from the consumer protection act.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05-0888
05/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT relative to exemptions from the consumer protection act.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Regulation of Business Practices for Consumer Protection; Exemption; Regulated Trade or Commerce. Amend RSA 358-A:3, I to read as follows:
I. Trade or commerce that is [subject to the jurisdiction] in compliance with the laws enforced by and the rules and regulations of the bank commissioner, the director of securities regulation, the insurance commissioner, the public utilities commission, the financial institutions and insurance regulators of other states, or federal banking or securities regulators who possess the authority to regulate unfair or deceptive trade practices. [This paragraph includes trade or commerce under the jurisdiction of, and regulated by, the bank commissioner pursuant to RSA 361-A, relative to retail installment sales of motor vehicles.]
2 Effective Date. This act shall take effect January 1, 2006.