Tag Archive: "New Hampshire"
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New Hampshire Amends Provisions Regarding Mortgage Exemptions
The state of New Hampshire has recently amended its provisions regarding mortgage exemptions, effective immediately.
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New Hampshire Modifies Banking, Consumer Credit, and Licensing Provisions
New Hampshire has amended provisions regarding licensing and regarding the applicability of various banking and consumer credit laws.
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New Hampshire Enacts Provisions Concerning the Uniform Power of Attorney Act and Modifies Provisions Concerning Mortgage Loan Originator Licensing
New Hampshire enacted provisions concerning its Uniform Power of Attorney Act. These provisions are effective on January 1, 2018. New Hampshire modified its provisions concerning the licensing of mortgage loan originators from another state. These provisions are effective on August 28, 2017.
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New Hampshire Amends Provisions Regarding Mortgage Servicers
RSA 397-A Licensing of Nondepository Mortgage Bankers, Brokers, and Servicers 397-A:1 Definitions XII. “Mortgage banker” means a person not exempt under RSA 397-A:4 who, for compensation or gain, or in the expectation of compensation or gain, whether such compensation or gain is direct or indirect: (a) Makes or originates a mortgage loan as payee on […]
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New Hampshire Amends Provisions Regarding Debt Adjustment Services
New Hampshire amended its provisions relating to debt adjustment services. These provisions are effective on January 1, 2017. Chapter 399-D Debt Adjustment Services Definitions Included in these amendments are definitions for several terms. IV. “Debt adjustment” means: a) Providing debt management advice or counseling to consumers for direct or indirect compensation; b) Creating debt management plans for […]
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NH Amends Discharge of Mortgage by Affidavit Requirements
By Margaret Wright, J.D.The New Hampshire state legislature has recently amended the requirements of 224:1 Mortgages of Realty; Discharge by Affidavit (RSA:7-a Discharge by Affidavit) and 224:2 Penalty for Failure to Timely Discharge a Mortgage (RSA 479:8 Penalty). These amendments are effective January 1, 2016.RSA 479:8 has been amended to include a penalty provision where […]
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New Hampshire Increases Homestead Exemption Amount
By Margaret Wright, J.D.The New Hampshire Legislature has enacted House Bill 147 amending RSA 480:1 and RSA 529:20 to reflect an increase in the homestead exemption amount for every person from $100,000 to $120,000. This amendment is effective as of January 1, 2016. A homestead is a dwelling owned and used as the principal place […]
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New Hampshire Amends Provisions Regarding General Consumer Credit Laws
by: Amanda NicholsonThe state of New Hampshire has made changes to the laws governing mortgage bankers, mortgage brokers, loan servicers and services offered to consumers. The amendments apply to obtaining a broker or banker license and maintaining copies of documents. These amendments have also repealed the provisions limiting an individual from working as a mortgage […]
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New Hampshire Amends Provisions Regarding Registry of Deeds Documents
by Amanda Nicholson, J.D.On June 28, 2013 the state of New Hampshire Amended provisions regarding Registry of Deed documents. The amendments will take effect on August 27, 2013. The bill requires that the registry of deeds remove all social security numbers, armed forces service numbers, credit card numbers, and deposit account numbers on documents that […]