The New Hampshire Banking Department is committed to protecting the public’s interest through professional supervision of the financial services we regulate. Our vision is to be an innovative and exemplary leader in financial services regulation.
The escrow rate for the period August 1, 2016 through January 31, 2017 is 0.00%.
Pursuant to NH RSA 383-B:3-303(a)(7)(E), Gerald H. Little Bank Commissioner, announced the minimum interest rate payable on moneys on deposit in escrow accounts maintained for the payment of taxes or insurance premiums related to loans on property secured by real estate mortgages.
Said rate shall be 0.00% and shall be effective commencing August 1, 2016 and shall remain in effect until the next rate announcement on February 1, 2017.
House Bill 1685 was signed by Governor Hassan on June 21, 2016 and will become law on August 20, 2016. The bill repeals NH RSA 397-B and Mortgage Servicer companies currently registered will be licensed under NH RSA 397-A.
The Department encourages all Mortgage Bankers, Mortgage Brokers and Mortgage Servicers to review the bill to ensure that they are in compliance on August 20, 2016. The bill can be found at:
If you have any questions or concerns, please contact Licensing at
603-271-3561 or [email protected]
Former Senator Gerald "Jerry" Little was officially sworn in as Commissioner of the New Hampshire Banking Department on Friday, June 3, and began his role at the Department the same day. Commissioner Little comes to the Department with an in-depth knowledge of the New Hampshire banking industry, having served as President of the New Hampshire Bankers' Association for 20 years. Governor Margaret Hassan noted, "The Commissioner of the New Hampshire Banking Department plays a critical role in ensuring strong protections for New Hampshire's citizens and maintaining a strong financial sector...I look forward to continuing to work with him to ensure strong consumer protections that will help maintain a strong, well-regulated financial sector that can support innovative economic growth."
The Department welcomes Commissioner Little in his new role.
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53 Regional Drive | Suite 200 | Concord, NH 03301
(603) 271-3561 | fax: (603) 271-1090 or (603) 271-0750