HB 530 – AS INTRODUCED
2007 SESSION
08/09
HOUSE BILL 530
AN ACT relative to mortgages held by parties to a divorce.
SPONSORS: Rep. Converse, Sull 4
This bill requires first mortgage lenders, upon receipt of a written request, to refinance mortgaged property in the name of the person who receives the property under a decree of divorce.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
07-0522
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT relative to mortgages held by parties to a divorce.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Borrower's Rights; Divorce. Amend RSA 397-A:15 by inserting after paragraph VII the following new paragraph:
VIII. Licensees that service first mortgage home loans originated in the state of New Hampshire shall, upon receipt of a written request, refinance a mortgage loan in the name of the party who receives the mortgaged real estate under a decree of divorce and shall remove the name of the party who loses all right, title, and interest to the real estate under the decree.
2 Effective Date. This act shall take effect January 1, 2008.