Text to be removed highlighted in red.
1 Consumer Protection; Exempt Transactions. RSA 358-A:3, I is repealed and reenacted to read as follows:
I. Trade or commerce that is:
(a) Permitted by laws, regulations, standards, orders, or other action of a federal or state regulatory authority that expressly regulate unfair or deceptive acts or practices in the conduct of such transactions.
(b) Subject to remedial action by such federal or state regulatory authority through the imposition of damages, restitution, or other monetary recovery for individual consumers injured by an entity's noncompliance with such laws, regulations, standards, orders, or other action of such federal or state regulatory authority.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 Consumer Protection; Exempt Transactions. RSA 358-A:3, I is repealed and reenacted to read as follows:
I. Trade or commerce that is:
(a) Permitted by laws, regulations, standards, orders, or other action of a federal or state regulatory authority that expressly regulate unfair or deceptive acts or practices in the conduct of such transactions.
(b) Subject to remedial action by such federal or state regulatory authority through the imposition of damages, restitution, or other monetary recovery for individual consumers injured by an entity's noncompliance with such laws, regulations, standards, orders, or other action of such federal or state regulatory authority.
2 Effective Date. This act shall take effect 60 days after its passage.