Sen. Tara Reardon

Maddy summarySB 26 allows homebuyers or developers to access part of an escrow deposit before closing to pay for specific construction customizations, such as upgrades or modifications. The Department of Justice must approve each request for these funds. This applies to projects where buyers or builders have paid a deposit held in escrow for custom features. The law became effective on August 1, 2025, after being signed by the governor.

Maddy summaryHB 457 modifies zoning laws to reduce restrictions on multi-unit dwelling structures in areas previously limited to single-family homes. It directly affects homeowners, developers, and local municipalities by permitting duplexes, triplexes, and accessory dwelling units (ADUs) in zones that previously banned them. The key provision requires local governments to allow these housing types without requiring special permits or rezoning applications. This policy change aims to increase housing options in communities by expanding allowable residential structures within existing zoning categories. The bill became law on July 22, 2025, and takes effect September 13, 2025.

Maddy summarySB 271 expands eligibility for veteran license plates to include veterans who received a General Discharge Under Honorable Conditions. This change directly affects veterans whose military service ended with this specific discharge type, allowing them to qualify for the plates they previously could not. The bill amends existing law to add this discharge category to the list of qualifying discharges for the plates. The law took effect on September 13, 2025, after being signed by the governor on July 15, 2025.

Maddy summarySB 143 establishes certification standards for recovery residences serving individuals with substance use disorders. It requires these facilities to meet nationally recognized safety, health, and operational standards - including building inspections, insurance, resident agreements, grievance procedures, and anti-discrimination policies - before accepting residents. The law designates a certifying body (like NARR) to oversee a voluntary certification program, effective July 15, 2025. This directly affects recovery residences seeking to operate under state standards.

Maddy summarySB 166 requires sellers to provide residents in resident-owned manufactured housing communities with a 30-day written notice before selling a unit. The notice must include the sale price, terms, and other key details about the transaction. This applies to all sales within these communities, giving residents time to review and respond. The law takes effect on January 1, 2026.

Maddy summaryThis bill sets new lending limits for New Hampshire depository banks (commercial banks taking deposits). It prohibits banks from lending more than 20% of their capital and surplus to any single borrower, with a possible 25% limit if the excess loan is fully secured by U.S. government obligations meeting specific value requirements. The bill also requires new state banks to submit detailed 3-5 year capital and business plans for approval, including capital adequacy explanations and financial projections. Additionally, existing banks must seek commissioner approval before making major changes to their business plans within the first 3-5 years of operation. These changes aim to strengthen bank safety and soundness by controlling risk exposure.

Maddy summarySB 165 revises audit requirements for consumer cooperative associations in the state, directly affecting these member-owned businesses. The bill changes the audit standard from requiring an independent Certified Public Accountant (CPA) to allowing internal auditors to conduct annual financial reviews. This policy change simplifies compliance for co-ops while maintaining financial oversight, effective September 13, 2025. The bill passed unanimously through committees and was signed into law by the governor on July 15, 2025.

Maddy summarySB 236 transfers management of the Electric Assistance Program from its current administrator to the Department of Energy. This bill directly affects low-income households that receive utility bill assistance through the program. The key provision is the formal transfer of administrative authority and oversight responsibilities to the Department of Energy, streamlining program management under a single state agency. The bill became law on June 24, 2025, and takes effect August 23, 2025.

Maddy summaryHB 437 provides a legal process to correct property records when mortgages remain unpaid but are no longer active, directly affecting property owners with unresolved mortgage documentation. The bill establishes a streamlined procedure for recording authorities to clear outdated mortgage liens without requiring full repayment, using court-certified affidavits to verify the mortgage's inactivity. This removes bureaucratic barriers preventing property owners from selling or refinancing due to obsolete mortgage records. The law became effective September 5, 2025, after passing the legislature and being signed by the governor.