TITLE XXXV
BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

CHAPTER 397-A
LICENSING OF NONDEPOSITORY MORTGAGE BANKERS, BROKERS, AND SERVICERS

Section 397-A:7

    397-A:7 License Denial or Abandonment; Appeal. –
I. If the commissioner determines that the applicant fails to meet the requirements of this chapter, the commissioner shall, in writing, immediately notify the applicant of that determination.
II. Applicants may appeal a license denial in accordance with RSA 541-A and rules of the commissioner adopted thereunder.
III. Applicants may petition the banking department for a rehearing in accordance with RSA 541 if the decision in an appeal conducted pursuant to paragraph II affirms a denial of a license application.

[Paragraph IV effective until October 1, 2026; see also paragraph IV set out below.]


IV. The commissioner may deem abandoned and withdraw any application for licensure as a mortgage banker, mortgage broker, or mortgage servicer made pursuant to this chapter if the applicant fails to respond in writing within 180 calendar days to a written request from the commissioner requesting a response. Such request shall be sent via certified mail to the last known address of the applicant that is on file with the commissioner.

[Paragraph IV effective October 1, 2026; see also paragraph IV set out above.]


IV. The commissioner may deem abandoned and withdraw any application for licensure as a mortgage banker, mortgage broker, or mortgage servicer made pursuant to this chapter if the applicant fails to respond in writing within 180 calendar days to a any communication from the department, including but not limited to any communication made through the nationwide multistate licensing system and registry, requesting a response.

[Paragraph V effective until October 1, 2026; see also paragraph V set out below.]


V. The commissioner may deem abandoned and withdraw any application for licensure as a mortgage loan originator made pursuant to this chapter if the applicant fails to respond in writing within 60 calendar days to a written request from the commissioner requesting a response. Such request shall be sent via certified mail to the last known address of the applicant that is on file with the commissioner.

[Paragraph V effective October 1, 2026; see also paragraph V set out above.]


V. The commissioner may deem abandoned and withdraw any application for licensure as a mortgage loan originator made pursuant to this chapter if the applicant fails to respond in writing within 60 calendar days to any communication from the department, including but not limited to any communication made through the nationwide multistate licensing system and registry, requesting a response.

Source. 2016, 289:1, eff. Aug. 20, 2016. 2019, 36:12, 13, eff. May 15, 2019. 2026, 294:4, eff. Oct. 1, 2026.