NH House votes to ease home heating protections
CONCORD, N.H.—New Hampshire's House has voted to ease requirements for fuel dealers who offer prepaid contracts that consumers sign to lock in prices on winter fuel.
The House voted 223-129 Wednesday to pass a bill that eliminates requirements that the dealers demonstrate they can fulfill their pre-buy contracts. Instead, the bill would insert buyer-beware language into the contract warning consumers a contract is not a guarantee a dealer will use their money to lock in fuel at the agreed-upon price.
Supporters argued the existing law is confusing and imposes a burden on small fuel businesses. They said no law can stop a business from closing and possibly harming its clients.
Opponents said New Hampshire should not make a mockery of the contracts by simply telling consumers they may lose their money.