SB206 (2022) Detail

Relative to consumer guaranty contracts.


Commerce

January 11, 2022

2022-0062s

11/10

 

 

Amendment to SB 206

 

Amend the bill by replacing all after section 1 with the following:

 

2  New Subparagraph; Consumer Guaranty Contracts; Prohibited Acts.  Amend RSA 415-C:7, I by inserting after subparagraph (h) the following new subparagraph:

(i)  Fail to refund unearned contract fees with respect to any cancellation of a consumer guaranty contract with a duration of 12 months or more.  Contract fees for contracts with a duration of 12 months or more are earned pro-rata over the length of the contract.  Obligors shall not charge a cancellation administrative fee of more than 10 percent of the contract price or $75, whichever is less, for a contract of any duration.  All cancellation administrative fees must be disclosed in the contract, regardless of the contract’s duration.

3  Repeal.  The following are repealed:

I.  RSA 415-C:1, II(b)(2), relative to the definition of consumer guaranty contracts as it relates to prepaid legal services contracts.

II.  RSA 415-C:1, XI, relative to the definition of prepaid legal services contract.

4  Effective Date.  This act shall take effect 60 days after its passage.

Links

SB206 at GenCourtMobile

Action Dates

Date Body Type
Jan. 11, 2022 Senate Hearing
Jan. 27, 2022 Senate Floor Vote
Senate Floor Vote

Bill Text Revisions

SB206 Revision: 34695 Date: Jan. 11, 2022, 2:38 p.m.
SB206 Revision: 34256 Date: Dec. 14, 2021, 12:53 p.m.

Docket


Jan. 13, 2022: Committee Report: Ought to Pass with Amendment # 2022-0062s; Vote 5-0; CC


Jan. 12, 2022: Committee Report: Ought to Pass with Amendment # 2022-0062s, 01/27/2022; Vote 5-0; CC; SC 4


Dec. 20, 2021: Hearing: 01/11/2022, Room 100, SH, 09:30 am; SC 50


Dec. 14, 2021: To Be Introduced 01/05/2022 and Referred to Commerce; SJ 1