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.
News and Events
Interest Payable on Escrow Accounts Announced
January 20, 2015
The escrow rate for the period February 1, 2015 through July 31, 2015 is 0.00%.
Pursuant to NH RSA 384:16-c and 384:16-e, Glenn A. Perlow, 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 February 1, 2015 and shall remain in effect until the next rate announcement on August 1, 2015.
UVCC Settlement and Consent Agreement
January 8, 2015
The NH Banking Department and the NH Bureau of Securities Regulation have announced the settlement of the pending enforcement action against the Upper Valley Commercial Corporation. View the press release, and the consent order.
National Mortgage Settlement Update
December 16, 2014
Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement (NMS), the Ocwen National Servicing Settlement, and JP Morgan Chase Residential Mortgage-Backed Securities Settlement (Chase RMBS Settlement), today released updates on six mortgage servicers’ compliance with the NMS servicing standards, Ocwen’s self-reported progress toward fulfilling its consumer relief requirement under the Ocwen National Servicing Settlement, and JP Morgan Chase’s progress toward fulfilling the consumer relief requirements of the Chase RMBS Settlement. More information about the National Mortgage Settlement and the Ocwen National Servicing Settlement is available at www.nationalmortgagesettlement.com
. Further information about Joseph Smith and the Office of Mortgage Settlement Oversight is available at www.mortgageoversight.com
At a Glance - A Summary of Regulated Entities
September 3, 2014
The Banking Department has developed a new summary of Institutions and Licensees which can be viewed on this web page