New Hampshire Revised Statutes 477:52 – Funding of Loans at Real Estate Closings
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The funds provided by a mortgagee to fund a loan secured by real estate at a real estate closing shall be in the form of:
I. Cash;
II. Wired funds or electronic transfer;
III. Certified check;
IV. Checks issued by a governmental entity or instrumentality;
V. Any transfer of funds by check or otherwise that are finally collected and unconditionally available to the settlement agent;
VI. Checks or other drafts drawn by a state-chartered or federally-chartered financial institution;
VII. Checks or other drafts drawn by a state-chartered or federally-chartered credit union;
VIII. Checks issued by an insurance company licensed and regulated by the department of insurance; or
IX. Cashier’s check, teller’s check, or treasurer’s check.
I. Cash;
Terms Used In New Hampshire Revised Statutes 477:52
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- real estate: shall include lands, tenements, and hereditaments, and all rights thereto and interests therein. See New Hampshire Revised Statutes 21:21
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
II. Wired funds or electronic transfer;
III. Certified check;
IV. Checks issued by a governmental entity or instrumentality;
V. Any transfer of funds by check or otherwise that are finally collected and unconditionally available to the settlement agent;
VI. Checks or other drafts drawn by a state-chartered or federally-chartered financial institution;
VII. Checks or other drafts drawn by a state-chartered or federally-chartered credit union;
VIII. Checks issued by an insurance company licensed and regulated by the department of insurance; or
IX. Cashier’s check, teller’s check, or treasurer’s check.