HB 247 (2012): relative to seller financing of mortgages and making changes to the laws regulating mortgage bankers and brokers and debt adjustment services.

HB 247 (2012)

relative to seller financing of mortgages and making changes to the laws regulating mortgage bankers and brokers and debt adjustment services.

• Status: Signed into law
• Term: 2011-2012
• House committee: Commerce and Consumer Affairs
• Senate committee: Commerce
• Subject: Banking and Finance
• Chapter law: 50

The Story

It was introduced on January 6, 2011 and referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on February 8, 2011. The committee held a work session on February 16, 2011. The committee met in executive session on March 1, 2011 to vote on its recommendation. The committee retained the bill, holding it for further work rather than reporting it out this year. The committee held work sessions on September 20, 2011, October 11, 2011 and October 20, 2011. The committee met in executive session on October 20, 2011 to vote on its recommendation. The committee held a work session on October 25, 2011. The committee met in executive session on October 25, 2011 to vote on its recommendation. The committee voted unanimously, 16–0, to recommend that the House pass it with changes (amendment 2798h), and the report was placed on the consent calendar. The committee's amendment (2798h) was adopted on a voice vote on January 4, 2012, changing the text of the bill. On January 5, 2012 the House voted to pass it with changes on a voice vote. It crossed to the Senate on February 8, 2012 and was referred to the Senate Commerce committee. The committee held a public hearing on March 27, 2012. The committee recommended that the Senate pass it. On April 11, 2012 the Senate voted to pass it on a voice vote and ordered it to a third reading. An enrolled bill amendment (1770e) was adopted on April 25, 2012. These correct technical errors found after passage. The bill was enrolled on April 25, 2012 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2012-1770e) was adopted to correct technical errors found after passage. The bill was enrolled on May 2, 2012 — the final check of the text before it goes to the governor. The governor signed it on May 14, 2012, making it Chapter 50 of the session laws.

Sponsors

• Rep. Andrew White (D - Graf 11) (prime sponsor)
• Sen. Matthew Houde (D - SD5)

Hearings and Sessions

• February 8, 2011, 1:15 PM: public hearing, House Commerce and Consumer Affairs, LOB 302
• February 16, 2011, 9:01 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
• March 1, 2011, 3:00 PM: executive session, House Commerce and Consumer Affairs, LOB 302
• September 20, 2011, 11:15 AM: work session, House Commerce and Consumer Affairs, LOB 302
• October 11, 2011, 11:45 AM: work session, House Commerce and Consumer Affairs, LOB 302
• October 20, 2011, 10:45 AM: work session, House Commerce and Consumer Affairs, LOB 302
• October 20, 2011, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB 302
• October 25, 2011, 11:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
• October 25, 2011, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB 301-303
• March 27, 2012, 9:25 AM: hearing, Senate Commerce, LOB 102

Votes

• January 5, 2012, House: Ought to Pass with Amendment #2798h — voice vote, passed
• April 11, 2012, Senate: Ought to Pass — voice vote, passed

The Docket

Laws It Would Change

• RSA 397-A:1
• RSA 397-A:2
• RSA 397-A:4
• RSA 399-D:3
• RSA 399-D:4
• RSA 399-G:4
• RSA 397-A:3

From the General Court

• Bill status page
• Docket
• HC 27
• HC 70
• HC 69
• SC 12
• SC 14
• House Calendar 1, 2012, committee report