There Is a Newer Version
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2020 New Hampshire Revised Statutes
Title XLVIII - Conveyances and Mortgages of Realty
Title 477 - Conveyances of Realty and Interests Therein
Section 477:52 - Funding of Loans at Real Estate Closings.
Universal Citation:
NH Rev Stat § 477:52 (2020)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
477:52 Funding of Loans at Real Estate Closings. –
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.
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.
Source. 1999, 88:3, eff. Jan. 1, 2000.
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