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RSA 397-A:7 · License Denial or Abandonment; Appeal

Title
XXXV: BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter
397-A · LICENSING OF NONDEPOSITORY MORTGAGE BANKERS, BROKERS, AND SERVICERS
Status
current
Official source linked
Yes
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397-A:7 License Denial or Abandonment; Appeal. –

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I.

If the commissioner determines that the applicant fails to meet the requirements of this chapter, the commissioner shall, in writing, immediately notify the applicant of that determination.

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II.

Applicants may appeal a license denial in accordance with RSA 541-A and rules of the commissioner adopted thereunder.

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III.

Applicants may petition the banking department for a rehearing in accordance with RSA 541 if the decision in an appeal conducted pursuant to paragraph II affirms a denial of a license application.

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IV.

The commissioner may deem abandoned and withdraw any application for licensure as a mortgage banker, mortgage broker, or mortgage servicer made pursuant to this chapter if the applicant fails to respond in writing within 180 calendar days to a written request from the commissioner requesting a response. Such request shall be sent via certified mail to the last known address of the applicant that is on file with the commissioner.

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V.

The commissioner may deem abandoned and withdraw any application for licensure as a mortgage loan originator made pursuant to this chapter if the applicant fails to respond in writing within 60 calendar days to a written request from the commissioner requesting a response. Such request shall be sent via certified mail to the last known address of the applicant that is on file with the commissioner. Source. 2016, 289:1, eff. Aug. 20, 2016. 2019, 36:12, 13, eff. May 15, 2019.

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Source note

Source. 2016, 289:1, eff. Aug. 20, 2016. 2019, 36:12, 13, eff. May 15, 2019.

Source history

  • 2016, 289:1, eff. Aug. 20, 2016
  • 2019, 36:12, 13, eff. May 15, 2019

Related materials

Bill relationships

  • 2026 HB1207 reference · effective 2027-07-01

    of the total assessment for that year. (c) From consumer credit division entities. Each entity subject to the supervision of the commissioner under the provisions of RSA 361-A, RSA 397-A, RSA 399-A, RSA 399-D, and RSA 399-G, shall be charged and shall pay such proportion of the balance applicable to the consumer credit administration division under the department's accounting unit designation as the gro

  • 2026 HB1207 amend · effective 2027-07-01

    led]. 4 Banks and Banking; Loan Associations; Credit Unions; Licensing Of Nondepository Mortgage Bankers, Brokers, And Servicers; License Denial or Abandonment; Appeal. Amend RSA 397-A:7, IV and V to read as follows: IV. The commissioner may deem abandoned and withdraw any application for licensure as a mortgage banker, mortgage broker, or mortgage servicer made pursuant to this chapter if the appli

  • 2026 HB1207-FN reference · effective 2027-07-01

    of the total assessment for that year. (c) From consumer credit division entities. Each entity subject to the supervision of the commissioner under the provisions of RSA 361-A, RSA 397-A, RSA 399-A, RSA 399-D, and RSA 399-G, shall be charged and shall pay such proportion of the balance applicable to the consumer credit administration division under the department's accounting unit designation as the gro

  • 2026 HB1207-FN amend · effective 2027-07-01

    led]. 4 Banks and Banking; Loan Associations; Credit Unions; Licensing Of Nondepository Mortgage Bankers, Brokers, And Servicers; License Denial or Abandonment; Appeal. Amend RSA 397-A:7, IV and V to read as follows: IV. The commissioner may deem abandoned and withdraw any application for licensure as a mortgage banker, mortgage broker, or mortgage servicer made pursuant to this chapter if the appli

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