New Hampshire (NH)

Capital: Concord

Facts & Statistics

STATE STATISTICS
Population 2023	1,402,054
Population 2022	1,395,231
Population 2021	1,387,505
Population 2020	1,366,275
Population 2019	1,360,783
Population 2018	1,356,458
Population 2017	1,349,767
Population 2016	1,342,373
Below Poverty 2022	7.2
Below Poverty 2021	7.2
Below Poverty 2020	7.4
Below Poverty 2019	7.3
Below Poverty 2018	6.1
Below Poverty 2017	7.7
Below Poverty 2016	7.3
Employment – Population Ratio 2022	63.3
Employment – Population Ratio 2021	63.2
Employment – Population Ratio 2020	66.6
Employment – Population Ratio 2019	67.3
Employment – Population Ratio 2018	60.1
Employment – Population Ratio 2017	66.6
Employment – Population Ratio 2016	66.4
Unemployed 2022	2.7
Unemployed 2021	4
Unemployed 2020	4
Unemployed 2019	2.4
Unemployed 2018	2.5
Unemployed 2017	2.7
Unemployed 2016	2.9
Foreclosure Rate 2024	1 in 2,587
Foreclosure Rate 2021	1 in 1,593
Foreclosure Rate 2018	1 of 3,944
Median Household Income 2021	88,841
Median Individual Income 2022	75,432
High School Graduation Rate 2022	87.16
High School Graduation Rate 2021	86.64
High School Graduation Rate 2020	87.23
High School Graduation Rate 2019	88.4
High School Graduation Rate 2018	88.8
Median Mortgage Payment 2021	2,004
GDP 2023	91.25 Billion
GDP 2022	90.15 Billion
GDP 2021	89.89 Billion
GDP 2020	83.18 Billion
GDP 2019	84.03 Billion
GDP 2018	82.27 Billion

STATE FACTS
Of the thirteen original colonies, New Hampshire was the first to declare its independence from Mother England — a full six months before the Declaration of Independence was signed.
Captain John Smith named New Hampshire after the town of Hampshire, England.
New Hampshire’s state motto is “Live Free or Die.” The motto comes from a statement written by the General John Stark, hero of the Battle of Bennington in the Revolutionary War.

Government

ELECTED OFFICIALS
Governor	Chris Sununu (R)
President of the Senate	Jeb Bradley (R)
Attorney General	John Formella (R)
Secretary of State	David M. Scanlan (R)
State Senate Control	R – 14; D – 10
State House Control	D – 201; R – 198

State Regulators

Legislative Process

LEGISLATIVE DATES AND DEADLINES
Convenes	January 3, 2024
Sine Die Adjournment	June 28, 2024
Committee Action Deadlines	N/A
Crossover Deadline	TBD
Carryover from Previous Session	No
Governor’s Signing Deadline (in session)	Five days, Sundays excepted
Governor’s Signing Deadline (after adjournment)	5 days or legislation is pocket vetoed
Veto Override	2/3 majority
Legislation Effective Date	Specified in bill text

Notable Laws & Legislation

SAFE Act

NH HB 610 (now N.H. Rev. Stat. Title XXXV, c. 397-A; Title XXXV, c. 397-B)
HUD review of New Hampshire’s SAFE Act

Franchising Legislation

Franchising legislation – Enacted House Bill 153

New Hampshire Auto Franchise Bill Modified as a Result of AFSA’s Efforts

On May 6, 2009, the Governor of New Hampshire signed NH SB 153, the Car Dealers Bill of Rights, into law. AFSA was able to amend the bill to incorporate language that provides protection for the association’s members.

The new law contains clauses that restrict captive finance companies in certain aspects of their dealings with auto dealers. Specifically, it removes the auto dealer’s responsibility to verify the identity and credit history of a borrower, unless the dealer contractually obligates itself to warrant the accuracy of such information; increases regulation of the financing arrangement between the dealer and finance company; and prevents the captive finance company from negotiating contracts with auto dealers on a case-by-case basis.

As initially introduced, NH SB 153 was very troubling. It was modeled after a North Carolina law passed a few years ago, but it lacked a key provision found in the North Carolina law that allowed dealers to contractually obligate themselves to warrant the accuracy of the information on the finance contract, as long as there is an opportunity for the dealer to fix the contract.

Due to AFSA’s work with the New Hampshire Dealers Association, the legislature, the Governor’s office and testimony on the negative consequences of NH SB 153 in a House Hearing last week, this key provision was incorporated as an amendment to the New Hampshire bill and signed into law, significantly reducing the burden placed on captive finance companies.

Incorporated to NH Revised Statutes, chapter 357-c Regulation of business practices between motor vehicle manufacturers, distributors and dealers, section 6-a Prohibited Contractual Requirements Imposed by Manufacturer, Distributor, or Captive Finance Source.