This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.

RSA 204-C:19 · Loans to Lending Institutions

Title: XVII: HOUSING AND REDEVELOPMENT
Chapter: 204-C · HOUSING FINANCE AUTHORITY
Status: current
Official source linked: Yes

Official source Copy section link

204-C:19 Loans to Lending Institutions. – Without limiting the generality of the powers granted under RSA 204-C:8, the authority may:

Copy link

Make loans to lending institutions under terms and conditions requiring the proceeds of the loans to be used by such lending institutions for the making of new mortgage loans for housing for eligible persons and families;

Copy link

II.

Purchase securities secured by, or providing financing for, mortgages on housing from lending institutions;

Copy link

III.

Require that loans to, or such securities purchased from, lending institutions shall be additionally secured as to payment of both principal and interest by a pledge of and lien upon collateral security in such amounts and consisting of such obligations, securities and mortgage loans as the authority shall by resolution determine to be necessary to assure the payment of such loans or such securities purchased and the interest on them as the same become due. The authority may require in the case of any or all lending institutions that any required collateral be lodged with a bank or trust company located either within or outside the state designated by the authority as custodian for the collateral. In the absence of such requirement, a lending institution shall, if collateral is to be provided for loan of such securities purchased, upon receipt of the proceeds from the authority, enter into an agreement with the authority containing such provisions as the authority shall deem necessary to adequately identify and maintain such collateral and service the same and shall provide that such lending institution shall hold such collateral as an agent for the authority and shall be held accountable as the trustee of an express trust for the application and disposition of and the income from the collateral solely to uses and purposes in accordance with the provisions of such agreement. A copy of each such agreement and any revisions or supplements to the agreement shall be filed with the secretary of state and no further filing or other action under RSA 382-A or any other law of the state shall be required to perfect the security interest of the authority in such collateral or any additions to or substitutions for the collateral; and the lien and trust for the benefit of the authority so created shall be binding from and after the time made against all parties having claims of any kind in tort, contract, or otherwise against such lending institution. The authority may also establish such additional requirements as it deems necessary with respect to the pledging, assigning, setting aside or holding of such collateral and the making of substitutions for or additions to and the disposition of income and receipts from the collateral; and

Copy link

IV.

Collect, enforce the collection of, and foreclose on any collateral securing its loans to, or purchase of securities from, lending institutions and acquire or take possession of such collateral and sell the same at public or private sale, with or without public bidding, and otherwise deal with such collateral as may be necessary to protect the interest of the authority in the collateral, all subject to any agreement with bondholders or noteholders. Source. 1981, 466:2, eff. July 1, 1981.

Copy link

Source note

Source. 1981, 466:2, eff. July 1, 1981.

Source history

1981, 466:2, eff. July 1, 1981

Related materials

Bill relationships

2026 HB1405 amend
arantee program. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Affordable Housing Guaranteed Loan Program. Amend RSA 204-C by inserting after section 92 the following new subdivision: Affordable Housing Guaranteed Loan Program 204-C:93 Definitions. In this subdivision: I. "Affordable housing" means: (a) Housing whose combined re
2026 HB1405-FN amend
arantee program. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Affordable Housing Guaranteed Loan Program. Amend RSA 204-C by inserting after section 92 the following new subdivision: Affordable Housing Guaranteed Loan Program 204-C:93 Definitions. In this subdivision: I. "Affordable housing" means: (a) Housing whose combined re
2026 HB1661 amend · effective 2028-07-01
Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Housing Finance Authority; Affordable Housing Fund; Annual Appropriation. Amend RSA 204-C by inserting after section 57-a the following new section: 204-C:57-b Annual Appropriation. There is hereby appropriated annually the sum of $1,500,000 to the housing finance authority established in RSA 204-C, for
2026 HB1661-FN amend · effective 2028-07-01
Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Housing Finance Authority; Affordable Housing Fund; Annual Appropriation. Amend RSA 204-C by inserting after section 57-a the following new section: 204-C:57-b Annual Appropriation. There is hereby appropriated annually the sum of $1,500,000 to the housing finance authority established in RSA 204-C, for
2026 HB1662 amend
ouse of Representatives in General Court convened: 1 New Section; Housing and Development; Housing Finance Authority; Low-Cost Financing for Developers and Homeowners. Amend RSA 204-C by inserting after section 92 the following new section: 204-C:93 Low-Cost Financing for Developers and Homeowners. Notwithstanding any provision of law to the contrary, the housing finance authority (HFA) shall of
2026 HB1662-FN amend
ouse of Representatives in General Court convened: 1 New Section; Housing and Development; Housing Finance Authority; Low-Cost Financing for Developers and Homeowners. Amend RSA 204-C by inserting after section 92 the following new section: 204-C:93 Low-Cost Financing for Developers and Homeowners. Notwithstanding any provision of law to the contrary, the housing finance authority (HFA) shall of
2026 HB1713 amend · effective 2026-07-01
s. Amend RSA 204-D:1 to read as follows: 204-D:1 Definitions. As used in this chapter: I. "Authority" means the New Hampshire housing finance authority established under RSA 204-C. II. "Committee" means the long range capital planning and utilization committee established under RSA 17-M. III. “Eligible housing” means single-family housing, multi-family housing, manufactured housing parks or
2026 HB604 amend · effective 2025-07-01
accessory dwelling units. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Loan Forgiveness Program Established. Amend RSA 204-C by inserting after section 70 the following new section: 204-C:64-a Loan Forgiveness Program. I. There is hereby established a conditional loan program to be administered by the New Hampshire housing finance authori
2026 HB604-FN amend
accessory dwelling units. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Loan Forgiveness Program Established. Amend RSA 204-C by inserting after section 70 the following new section: 204-C:64-a Loan Forgiveness Program. I. There is hereby established a conditional loan program to be administered by the New Hampshire housing finance authori