New Hampshire Revised Statutes 162-I:5 – Authority’s Ownership, Possessory or Security Interest
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 162-I:5
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
The authority’s interest in the facility under a financing document may be that of owner, lessor, lessee, conditional or installment vendor, mortgagor, secured party or otherwise, but the authority need not have any ownership, possessory or security interest in the facility.