This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.
RSA 397-A:8 · License Term; Renewal
397-A:8 License Term; Renewal. –
Copy linkEach mortgage banker, mortgage broker, or mortgage servicer license shall remain in force until it has been surrendered, revoked, or suspended, or terminates or expires in accordance with the provisions of this chapter. Each license shall expire on December 31 of each calendar year.
Copy linkIf a person holds a valid mortgage banker, mortgage broker, or mortgage servicer license under this section and is in compliance with this chapter and the rules thereunder, such licensee may renew the license by paying the required fee to the banking department on or before December 1 for the ensuing year that begins on January 1. Failure to renew the license shall result in the license terminating on December 31. II-a. The initial license term shall begin on the day the application is approved. The license shall expire on December 31 of the year in which the license term began, unless the initial license date is between November 1 and December 31, in which instance the initial license term shall run through December 31 of the following year.
Copy linkA mortgage banker, mortgage broker, or mortgage servicer renewal fee of $500 for the principal office license and each branch office license shall be submitted with the application for license renewal.
Copy linkNo application for renewal of a mortgage banker, mortgage broker, or mortgage servicer license shall be denied without reasonable cause and the right of appeal pursuant to RSA 541-A and RSA 541. Source. 2016, 289:1, eff. Aug. 20, 2016. 2024, 368:3, eff. Oct. 22, 2024.
Copy linkSource note
Source. 2016, 289:1, eff. Aug. 20, 2016. 2024, 368:3, eff. Oct. 22, 2024.
Source history
- 2016, 289:1, eff. Aug. 20, 2016
- 2024, 368:3, eff. Oct. 22, 2024
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
fee of [$100] $250. 28 Banks and Banking; Loan Associations; Credit Unions; Licensing of Nondepository Mortgage Bankers, Brokers, and Servicers; License Term; Renewal. Amend RSA 397-A:8, III to read as follows: III. A [mortgage banker, mortgage broker, or mortgage servicer] renewal fee of [$500] $1,000 for mortgage bankers and mortgage servicers and $750 for mortgage brokers for the principal offic
-
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
fee of [$100] $250. 28 Banks and Banking; Loan Associations; Credit Unions; Licensing of Nondepository Mortgage Bankers, Brokers, and Servicers; License Term; Renewal. Amend RSA 397-A:8, III to read as follows: III. A [mortgage banker, mortgage broker, or mortgage servicer] renewal fee of [$500] $1,000 for mortgage bankers and mortgage servicers and $750 for mortgage brokers for the principal offic