New Hampshire Revised Statutes 524:8 – Mortgages; Judgments
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 524:8
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.
A judgment in an action on a mortgage shall be conditional upon payment of the sum due, as determined by the court, by the mortgagor or person holding the mortgagor’s right, to the mortgagee or person holding the mortgagee’s right. The payment shall be made within 2 months after judgment is rendered, with interest. If the condition is met by timely payment, the judgment shall be void. If the condition is not met, the court shall issue a writ of possession.