Text to be removed highlighted in red.
211:1 New Subparagraph; Mortgage Bankers, Brokers, Servicers, or Originators; Application of Chapter. Amend RSA 397-A:2, I by inserting after subparagraph (c) the following new subparagraph:
(d) An individual who acts as a mortgage banker, mortgage broker, mortgage servicer, or mortgage originator if the individual is not engaged habitually and repeatedly in such activities in a commercial context. It shall be a rebuttable presumption that an individual is not engaged in the business of a mortgage banker, mortgage broker, mortgage servicer, or mortgage originator if the individual is not involved in more than 3 loans in any consecutive 12-month period.
211:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 08, 2018
Effective Date: August 07, 2018
Text to be added highlighted in green.
211:1 New Subparagraph; Mortgage Bankers, Brokers, Servicers, or Originators; Application of Chapter. Amend RSA 397-A:2, I by inserting after subparagraph (c) the following new subparagraph:
(d) An individual who acts as a mortgage banker, mortgage broker, mortgage servicer, or mortgage originator if the individual is not engaged habitually and repeatedly in such activities in a commercial context. It shall be a rebuttable presumption that an individual is not engaged in the business of a mortgage banker, mortgage broker, mortgage servicer, or mortgage originator if the individual is not involved in more than 3 loans in any consecutive 12-month period.
211:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 08, 2018
Effective Date: August 07, 2018