RSA 479:8 · Penalty

479:8 Penalty. –
Any mortgagee violating the provisions of RSA 479:7, or any mortgagee who after the satisfaction of the mortgage refuses to give a sufficient discharge of such mortgage, shall be liable for damages to the mortgagor at the rate of $200 for each week after the expiration of the 60 days up to a maximum of $2,500 or in an amount equal to the loss sustained as a result of the failure of the mortgagee to execute and deliver a release, whichever is greater, plus costs and reasonable attorney's fees.
Source. 1905, 37:2. PL 215:7. RL 261:7. RSA 479:8. 1973, 531:134. 1989, 171:2, eff. Jan. 1, 1990. 2015, 224:2, eff. Jan. 1, 2016.