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HB1305: establishing a committee to study certain high interest loans.
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Version history, amendments, and roll-call votes were not present in the imported local bill data.
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HB 1305 - AS INTRODUCED
2003 SESSION
03-2243
06/09
HOUSE BILL 1305
AN ACT establishing a committee to study certain high interest loans.
ANALYSIS
This bill establishes a committee to study certain high interest loans secured by titles to automobiles.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03-2243
06/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT establishing a committee to study certain high interest loans.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Committee Established. There is established a committee to study certain high interest loans secured by the titles to automobiles.
2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Four members of the house of representatives, appointed by the speaker of the house.
(b) Three members of the senate, appointed by the president of the senate.
II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
3 Duties. The committee shall study certain high interest loans secured by the titles to automobiles and the impact of these loans on citizens of the state. The committee shall work with the bank commissioner to determine if such loans require regulation.
4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Three members of the committee shall constitute a quorum.
5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the senate president, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2004.
6 Effective Date. This act shall take effect upon its passage.