HB1528 (2006) Detail

Establishing a committee to study the adequacy of consumer protection laws in New Hampshire.


HB 1528 – AS INTRODUCED

2006 SESSION

06-2695

05/09

HOUSE BILL 1528

AN ACT establishing a committee to study the adequacy of consumer protection laws in New Hampshire.

SPONSORS: Rep. Hager, Merr 12

COMMITTEE: Commerce

ANALYSIS

This bill establishes a committee to study the adequacy of consumer protection laws in New Hampshire.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

06-2695

05/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Six

AN ACT establishing a committee to study the adequacy of consumer protection laws in New Hampshire.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Committee Established. There is established a committee to study the adequacy of consumer protection laws in New Hampshire.

2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Three members of the house of representatives, appointed by the speaker of the house of representatives.

(b) Three members of the senate, appointed by the president of the senate.

II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

3 Duties. The committee shall consider the adequacy of consumer protection laws in New Hampshire. Areas of review shall include the scope of the exemption from the Consumer Protection Act, the removal of the interest rate cap on small loans under $1500, the increase in predatory lending, and any other consumer-related issued identified by the committee. The committee shall solicit information and testimony from New Hampshire Legal Assistance, the consumer protection and antitrust bureau in the department of justice, and such additional organizations and individuals as may assist the committee in the performance of its duties.

4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.

5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2006.

6 Effective Date. This act shall take effect upon its passage.