New Hampshire § 397-A-16 - Section 397-A:16 Lender's Rights and Broker's Rights.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 397-A-16 — Section 397-A:16 Lender's Rights and Broker's Rights., with citation guidance and answers to common questions.
§ 397-A-16. Section 397-A:16 Lender's Rights and Broker's Rights.
I. Mortgage bankers, mortgage brokers, or mortgage servicers may charge fees and points for services rendered in conjunction with the origination, closing, and servicing of loans. If any fee is collected in advance of the closing of the loan, the mortgage banker or mortgage broker shall provide the borrower with a written explanation of the purpose and disposition of the fee. A mortgage banker or mortgage broker may charge an application fee which may include the direct costs incurred by the mortgage banker or mortgage broker for processing an application, and for a real estate appraisal, a credit bureau report, or income verification, or other third party services. II. Persons subject to provisions of this chapter shall comply with the provisions of RSA 479, relative to foreclosure. III. Pursuant to RSA 397-A:3, only mortgage brokers, mortgage bankers, mortgage originators, and mortgage servicers licensed under the provisions of this chapter shall be entitled to compensation for services rendered. IV. In order to issue rate lock commitments, a licensee shall comply with rules adopted by the commissioner.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 397-A-16
What does New Hampshire Revised Statutes Annotated § 397-A-16 cover?
Section 397-A-16 ("Section 397-A:16 Lender's Rights and Broker's Rights.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 397-A-16?
A common citation format is "New Hampshire Revised Statutes Annotated § 397-A-16" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 397-A-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.