SB 28 (2011): establishing an exemption from the licensing requirements for nondepository first mortgage bankers and brokers for persons providing loans for certain seller-financed transactions.

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MLA: “SB 28 (2011): establishing an exemption from the licensing requirements for nondepository first mortgage bankers and brokers for persons providing loans for certain seller-financed transactions.” Granite Record, https://graniterecord.org/bill/2011/sb28. Accessed 24 Oct. 2026.
APA: Granite Record. (n.d.). SB 28 (2011): establishing an exemption from the licensing requirements for nondepository first mortgage bankers and brokers for persons providing loans for certain seller-financed transactions. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/2011/sb28
Chicago: Granite Record. “SB 28 (2011): establishing an exemption from the licensing requirements for nondepository first mortgage bankers and brokers for persons providing loans for certain seller-financed transactions.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/2011/sb28.
BibTeX: @misc{bill-2011-sb28, title = {SB 28 (2011): establishing an exemption from the licensing requirements for nondepository first mortgage bankers and brokers for persons providing loans for certain seller-financed transactions.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2011/sb28}, note = {Accessed 24 Oct. 2026} }

SB 28 (2011)

establishing an exemption from the licensing requirements for nondepository first mortgage bankers and brokers for persons providing loans for certain seller-financed transactions.

Status: Signed into law
Term: 2011-2012
House committee: Commerce and Consumer Affairs
Senate committee: Commerce
Subject: Banking and Finance
Chapter law: 212

The Story

It was introduced on January 6, 2011 and referred to the Senate Commerce committee. The committee held a public hearing on January 25, 2011. The committee recommended that the Senate pass it with changes (amendment 2011-0343s). The committee's amendment (0343s) was adopted on a voice vote on February 23, 2011, changing the text of the bill. On February 23, 2011 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House on March 16, 2011 and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on April 12, 2011. The committee held work sessions on April 21, 2011, May 10, 2011 and May 17, 2011. The committee met in executive session on May 17, 2011 to vote on its recommendation. The committee voted unanimously, 17–0, to recommend that the House pass it with changes (amendment 1977h), and the report was placed on the consent calendar. The committee's amendment (1977h) was adopted on a voice vote on May 25, 2011, changing the text of the bill. On May 25, 2011 the House voted to pass it with changes on a voice vote. On June 8, 2011 the Senate adopted “Sen. Prescott Concurs with House Amendment #1977h” on a voice vote. The bill was enrolled on June 8, 2011 — the final check of the text before it goes to the governor. The governor signed it on June 27, 2011, making it Chapter 212 of the session laws.

Hearings and Sessions

January 25, 2011, 10:00 AM: hearing, Senate Commerce, LOB 102
April 12, 2011, 10:00 AM: public hearing, House Commerce and Consumer Affairs, LOB 302
April 21, 2011, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs
May 10, 2011, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs
May 17, 2011, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs
May 17, 2011, 1:30 PM: executive session, House Commerce and Consumer Affairs, LOB 302

Votes

February 23, 2011, Senate: Ought to Pass with Amendment 0343s — voice vote, passed
May 25, 2011, House: Ought to Pass with Amendment #1977h — voice vote, passed
June 8, 2011, Senate: Sen. Prescott Concurs with House Amendment #1977h — voice vote, passed

The Docket

January 6, 2011: Introduced and Referred to Commerce
January 25, 2011: Hearing: 1/25/2011, Room 102, LOB, 10:00 a.m.; SC8
February 15, 2011: Committee Report: Ought to Pass with Amendment #2011-0343s, 2/23/11; SC12
February 23, 2011: Committee Amendment 0343s, AA, VV
February 23, 2011: Ought to Pass with Amendment 0343s, MA, VV; OT3rdg
February 23, 2011: Passed by Third Reading Resolution
March 16, 2011: Introduced and Referred to Commerce and Consumer Affairs
April 12, 2011: Public Hearing: 4/12/2011 10:00 AM LOB 302 ==Work Session May Follow==
April 21, 2011: Subcommittee Work Session: 4/21/2011 10:00 AM LOB 302 Banking/Business Div
April 21, 2011: ==CANCELLED== Executive Session: 4/21/2011 1:15 PM LOB 302
May 10, 2011: Subcommittee Work Session: 5/10/2011 10:00 AM LOB 302 Banking/Business Div
May 10, 2011: ==CANCELLED== Executive Session: 5/10/2011 11:30 AM LOB 302 ==TIME CHANGE (Orig 1:30 PM)==
May 17, 2011: Subcommittee Work Session: 5/17/2011 10:00 AM LOB 302 Banking/Business Div
May 17, 2011: Executive Session: 5/17/2011 1:30 PM LOB 302
May 18, 2011: Committee Report: Ought to Pass with Amendment #1977h for May 25 (Vote 17-0; CC)
May 18, 2011: Proposed Committee Amendment #2011-1977h
May 25, 2011: Amendment #1977h Adopted, VV
May 25, 2011: Ought to Pass with Amendment #1977h: MA VV
June 8, 2011: Sen. Prescott Concurs with House Amendment #1977h, MA, VV
June 8, 2011: Enrolled
June 8, 2011: Enrolled
June 27, 2011: Signed by the Governor on 06/27/2011; Effective 07/01/2011; Chapter 0212

Laws It Would Change

RSA 397-A:4