Bill Text - HB402 (2019)

Relative to required notice of mortgage funding at a construction jobsite.


Revision: Jan. 7, 2019, 3:54 p.m.

HB 402 - AS INTRODUCED

 

 

2019 SESSION

19-0446

10/01

 

HOUSE BILL 402

 

AN ACT relative to required notice of mortgage funding at a construction jobsite.

 

SPONSORS: Rep. Flanagan, Hills. 26

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill repeals a requirement that a mortgagor post at a construction jobsite the anticipated funding date for the construction mortgage requisition.

 

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0446

10/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to required notice of mortgage funding at a construction jobsite.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Repeal.  RSA 447:12-b, III, relative to the required posting of notice at a construction jobsite of the anticipated funding date of a construction mortgage requisition, is repealed.

2  Effective Date.  This act shall take effect 60 days after its passage.