N.H. Rev. Stat. § 477:52

Current through Chapter 381 of the 2024 Legislative Session

Section 477:52 - Funding of Loans at Real Estate Closings

The funds provided by a mortgagee to fund a loan secured by real estate at a real estate closing shall be in the form of:

I.Cash;

II.Wired funds or electronic transfer;

III.Certified check;

IV.Checks issued by a governmental entity or instrumentality;

V.Any transfer of funds by check or otherwise that are finally collected and unconditionally available to the settlement agent;

VI.Checks or other drafts drawn by a state-chartered or federally-chartered financial institution;

VII.Checks or other drafts drawn by a state-chartered or federally-chartered credit union;

VIII.Checks issued by an insurance company licensed and regulated by the department of insurance; or

IX.Cashier's check, teller's check, or treasurer's check.

RSA 477:52

1999, 88:3, eff. Jan. 1, 2000.