Bill Text: NH HB1348 | 2016 | Regular Session | Introduced

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Bill Title: Repealing the exemption for certain transactions under the consumer protection act.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced - Dead) 2016-03-10 - Inexpedient to Legislate: Motion Adopted Regular Calendar 184-116 03/10/2016 House Journal 25 P. 101 [HB1348 Detail]

Download: New_Hampshire-2016-HB1348-Introduced.html

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HB 1348 - AS INTRODUCED

 

2016 SESSION

16-2470

05/09

 

HOUSE BILL 1348

 

AN ACT repealing the exemption for certain transactions under the consumer protection act.

 

SPONSORS: Rep. Luneau, Merr. 10; Rep. Myler, Merr. 10; Rep. Weyler, Rock. 13; Rep. Butler, Carr. 7; Rep. Fraser, Belk. 1; Sen. Feltes, Dist 15

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

16-2470

05/09

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Sixteen

 

AN ACT repealing the exemption for certain transactions under the consumer protection act.

 

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

 

1  Regulation of Business Practices for Consumer Protection; Exempt Transactions.  Amend RSA 358-A:3, I to read as follows:

I.  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.

2  Effective Date.  This act shall take effect January 1, 2017.