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The NH Banking Department has readopted with amendments, Ban 1107, Amendments to Credit Union Bylaws, effective February 20, 2014.

Bank Commissioner Glenn Perlow announced today that the New Hampshire Banking Department has earned accreditation for Mortgage Regulation. View the Press Release.

The escrow rate for the period February 1, 2014 through July 31, 2014 is 0.00%.

The NH Banking Department and the NH Securities Bureau issued Cease & Desist Orders against Upper Valley Commercial Corporation for violating NH State Laws. View the joint press release issued. View the Banking Department Order. View the Securities Bureau Order.

The New Hampshire Banking Department has joined regulators from 48 other states, the District of Columbia and the Consumer Financial Protection Bureau in filing a court order that requires Ocwen to provide $2 billion in principal reduction relief to underwater homeowners for mortgage servicing misconduct.  Ocwen must also refund $125 million to foreclosed borrowers and adhere to significant new servicing requirements that will protect homeowners from abusive behavior. See the CFPB Press Release. Affected homeowners are encouraged to review these FAQs about the procedure to seek payment.

The department has filed proposed rulemaking for Ban 510.09 and Ban 510.10, and Ban Part 1107 Amendments to ByLaws.
View the proposed rules and the rulemaking notices.

The New Hampshire Banking Department issued an Order to Cease and Desist against CashCall, Inc., et al.