The MBBA-NH provides a medium for input to the New Hampshire Banking Department and New Hampshire Legislature on regulatory policies and legislation. The MBBA-NH is a liaison with the Mortgage Bankers Association which works with Congress and Federal regulatory authorities to protect the vital interests of the mortgage industry. MBBA-NH works with the lobbying firm, Demers,Prasol & Thomas, Inc. to be sure our needs and concerns are being heard by New Hampshire Legislators.
Contact Kurt or the MBBA-NH office for information on current bills / amendments and committee meeting schedule.
NH Legislative Process: Click to download pdf.
New Hampshire Regular Session Bill Search
National Issues and Resources:
The Mortgage Action Alliance (MAA) is a voluntary, non-partisan, and free nationwide grassroots lobbying network for real estate finance industry professionals. This page will highlight all MAA's State and Federal Calls to Action. Having regular contact with your lawmakers and their staff members through MAA's Calls to Action is critical to ensure your elected officials understand how policy issues affect you, your customers, and the communities you serve.
Legislative: State and National
SUCCESS STORIES ADVOCATING FOR OUR MEMBERSHIP
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Trigger Lead legislation SB 332 - pending at his time.
- Remote Online Notarization Law- (2-year process) MBBA-NH team drafted the legislation to adapt to NH law, organized and educated our stakeholders, testified at all public hearings.
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MLO Remote Work - NH Banking Department "Clarifies" their position on 397-A:1, IV(b)
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FHA/HUD - Single Family loan limits increased in Hillsborough and Merrimack Counties - Notified the Governor of the issue, helped draft a letter of request the Govenor signed and submitted to FHA and HUD.
- Transitional Licensing SB 81 - Law, Signed by the Governor
- SB 306 Report - Committee member to study NH Foreclosure law, new Federal Regulations, and Fair Foreclosure practices
- SAFE ACT Modifications - (2-year battle) HB 247 added exemption to licensure for person who negotiate no more than 3 residential loans in a calendar year. HB 408 Clarified an exemption from licensing requirements for attorneys who provide legal services in connection to with residential mortgage loans.
- Mortgage Foreclosure Legislation - HB 1252 and HB 1363 were both reactions to consumer complaints about the MERS system. HB 1252 (Defeated) would have required coping of the deed of a property to be foreclosed and signature of the clerk before a foreclosure sale can take place. HB 1363 (Defeated) would have defined a recorded interest relative to mortgage foreclosures.
- HB 594 Mortgage Bankers, Brokers and Originators, General Consumer Credit Laws - Advocated to exclude language that would have prohibited yield spread premiums.
