pc
nid 94104
Jul 21, 2026
rghosh@vixio.com
New Hampshire
Banking Department
financial services
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1863 charsNew Hampshire Banking Department Releases Guidance on HB1207 for Chartered Institutions and Licensees
On July 20, 2026, the New Hampshire Banking Department released guidance to assist industry participants in understanding changes to state banking laws following the enactment of HB1207, An Act Relative to Certain Laws Applicable to State Chartered Banks, Credit Unions, Trust Companies, and Other Consumer Credit Entities Subject to the Authority of the Banking Department. Governor Ayotte signed the legislation into law on July 10, 2026.
The guidance addresses amendments affecting state-chartered banks, credit unions, trust companies, and Consumer Credit Division (CCD) licensees operating under the Banking Department's authority. The Banking Department issued separate guidance documents tailored to different industry segments: one for Consumer Credit Division licensees and another for banks, credit unions, and trust companies. These guidance documents serve as reference tools to help regulated entities understand and implement the legislative changes introduced by HB1207. The specific regulatory amendments and their operational implications are detailed in the accompanying guidance materials published by the Banking Department.
Chartered institutions and licensees subject to the Banking Department's authority should review the relevant guidance documents to ensure compliance with the changes introduced by HB1207. The guidance is available on the Banking Department's website and provides detailed information on how the amendments affect each category of regulated entity. Industry participants are encouraged to contact the Banking Department with any questions regarding implementation or interpretation of the new requirements.
REFERENCES:
New Hampshire Banking Department. "New Hampshire Banking Department releases guidance on HB1207 for chartered institutions and licensees." Announcement, July 20, 2026. https://www.banking.nh.gov/
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2943 charsNew Hampshire Banking Department Releases Guidance on House Bill 1207
On July 20, 2026, the New Hampshire Banking Department announced that it had released guidance to assist industry participants in understanding changes to state banking laws following the enactment of House Bill 1207 (HB 1207). The bill was signed into law on July 10, 2026.
The guidance addresses amendments affecting state-chartered banks, credit unions, trust companies, and Consumer Credit Division (CCD) licensees operating under the Banking Department's authority. CCD licensees include mortgage loan originators, mortgage bankers, small loan licensees, and money transmitters, among other entities.
Key points addressed within the guidance documents include:
Calculation of Examination Per Diem Fee: Section 2 of HB1207 modifies the formula used for calculating the examination fee provided for in RSA 383:11, such that it will be based on personnel data from two prior fiscal years, rather than from only the immediately preceding fiscal year, which has been the Department’s historical practice. According to the guidance, Section 2 takes effect on July 1, 2027, which means that the new formula will be applied to the per diem rates published by the Department on or about August 31, 2027 for examinations commencing on or after October 1, 2027 , and in each year thereafter.
Elimination of Certain Certified Mail Requirements When Communicating with Licensing Applicants: Sections 4 through 6 of HB1207 authorize the Commissioner to deem abandoned and withdraw an application for licensure if the applicant fails to respond in writing within a certain number of days (the number of days varies depending on license type) to any communication from the Department’s staff made through the NMLS. Licensing staff will no longer use certified mail for this purpose. In order to ensure efficient and effective processing of license applications, applicants are reminded of the importance of timely and complete responses to inquiries from the Department’s staff.
License Application Fees : Sections 25 through 28 of HB1207 increase license application fees for mortgage licensees. These changes will apply to applications submitted on or after October 1, 2027 . Meanwhile, Section 19 and 20 increase license application fees for money transmitter licensees. These changes will also take effect on or after October 1, 2027.
Elimination of Regular Exam Fees : Section 2 of HB1207 eliminates the per-diem-based regular examination fee that historically has been charged to New Hampshire state-chartered depository banks, credit unions, trust companies, and family trust companies. The regular examination fee will be eliminated for examinations commencing on or after July 1, 2027. Regular examination fees will be replaced with an Annual Fixed Base Fee in the amount of $23,000 for depository banks. The Department will issue invoices for the Annual Fixed Base Fee on a predictable, annual basis, beginning in or about December 2027 .