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News and Events
Interest Payable on Escrow Accounts Announced
February 1, 2018

The escrow rate for the period February 1, 2018 through July 31, 2018 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 February 1, 2018 and shall remain in effect until the next rate announcement on August 1, 2018.

Consumer Credit Division 2017 Annual Report
January 25, 2018
The Consumer Credit Division Annual Report web page is now available for online filing at http://business.nh.gov/ccd/. The yearly report is due March 31, 2018 for activity in 2017. If you have any questions or did not receive an email with login credentials, please reach out to our Licensing Team at licensing@banking.nh.gov or 603-271-8675.
Department Joins Multi-State Settlement with PHH Mortgage Corporation
January 3, 2018

The New Hampshire Banking Department joined financial regulators from 46 other states today to announce a legal settlement with PHH Mortgage Corporation (NMLS #2726). The settlement will assist borrowers harmed by substandard mortgage servicing practices conducted by PHH Mortgage between 2009 and 2012. These deficiencies were identified during a multi-state examination of the company. View the Department's press release here. 

"Cryptocurrency” Transmitters No Longer Supervised
August 1, 2017
Starting August 1, 2017, money transmitters dealing solely in cryptocurrencies like Bitcoin are not required to be licensed by the Banking Department. Click here for more information on Cryptocurrency Transmitters.
Certified Public Manager Graduates
July 5, 2017

Congratulations to NHBD's Director of Operations, Dawn Allen and Licensing Supervisor, Nancy Burke, both recent graduates of the Certified Public Manager Program, a nationally accredited program designed to improve the performance of public sector managers and the organizational performance of the state.

Deputy Commissioner announced at Banking Department
April 24, 2017
April 20, 2017
The U.S. Consumer Financial Protection Bureau has announced legal action against Ocwen Financial Corporation and its subsidiaries alleging gross misconduct in the servicing of millions of home mortgages nationwide. Ocwen services many thousands of home loans for New Hampshire consumers. For more information about this action and how it might affect you or your Ocwen-serviced loan, visit the CFPB website or call the New Hampshire Banking Department at 1-800-437-5991. For general information on mortgage servicers visit the Federal Trade Commission.

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Banking Department
53 Regional Drive  |  Suite 200  |  Concord, NH 03301
(603) 271-3561  |  fax: (603) 271-1090 or (603) 271-0750