HB 1348 - AS INTRODUCED
2016 SESSION
\t16-2470
\t05/09
HOUSE BILL\t1348
AN ACT\trepealing the exemption for certain transactions under the consumer protection act.
SPONSORS:\tRep. Luneau, Merr. 10; Rep. Myler, Merr. 10; Rep. Weyler, Rock. 13; Rep. Butler, Carr. 7; Rep. Fraser, Belk. 1; Sen. Feltes, Dist 15
COMMITTEE:\tCommerce and Consumer Affairs
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ANALYSIS
\tThis bill removes the exemption from the consumer protection act for trade or commerce under the jurisdiction of financial institutions and insurance regulators of other state and federal banking or securities regulators.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2470
\t05/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trepealing the exemption for certain transactions under the consumer protection act.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Regulation of Business Practices for Consumer Protection; Exempt Transactions. Amend RSA 358-A:3, I to read as follows:
\t\tI. Trade or commerce that is subject to the jurisdiction of the bank commissioner, the director of securities regulation, the insurance commissioner, and 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.
\t2 Effective Date. This act shall take effect January 1, 2017.