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HB1473: relative to small loans.

Citation
2016 HB1473
Official source

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

House status
Inexpedient to Legislate
Committee
HOUSE Commerce and Consumer Affairs
Hearing
02/03/2016 at 10:15 AM
Selected version
Current official bill text

Sponsors

Topics

Commerce and Consumer Affairs

Official links

HB 1473 - AS INTRODUCED

2016 SESSION

16-2550

08/09

HOUSE BILL 1473

AN ACT relative to small loans.

SPONSORS: Rep. Jones, Straf. 24

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill repeals a provision relative to late fees on small loan installments in default.

This bill also repeals a provision relative to the inclusion of a provision in the loan agreement that the borrower may cancel the loan transaction under certain circumstances.

This bill is a request of the banking department.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

16-2550

08/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Sixteen

AN ACT relative to small loans.

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

1 Repeal. The following are repealed:

I. RSA 399-A:15, XV, relative to late fees on small loan installments in default.

II. RSA 399-A:15, XVIII, relative to the inclusion of a provision in the loan agreement that the borrower may cancel the loan transaction under certain circumstances.

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