January 11, 2022
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.
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.
|Jan. 11, 2022||Senate||Hearing|
|Jan. 27, 2022||Senate||Floor Vote|
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