New Hampshire § 477:52 Funding of Loans at Real Estate Closings

New Hampshire Statutes

§ 477:52 — Funding of Loans at Real Estate Closings

New Hampshire·Title XLVIII CONVEYANCES AND MORTGAGES OF REALTY·Ch. 477 CONVEYANCES OF REALTY AND INTERESTS THEREIN·Subdivision 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.

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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.

New Hampshire § 477:52 (Funding of Loans at Real Estate Closings) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.