For Immediate Release
Posted: June 21, 2023

Contact

Ian Clark, Public Information Officer
(603) 271-4865 | ian.m.clark@banking.nh.gov

HB520 (relative to escrow accounts maintained by licensed nondepository mortgage bankers, brokers and servicers) now in effect. HB522 (relative to money transmitters) goes into effect on July 18

New Hampshire Governor Chris Sununu has signed both House Bill 520 (relative to escrow accounts maintained by licensed nondepository mortgage bankers, brokers and servicers) and House Bill 522 (relative to money transmitters) into law.  HB520 is in effect now and HB522 goes into effect on July 18, 2023. Read HB520 here and HB522 here.  Note that HB 520 also amends RSA 383-B: 3-303(a)(7)(E) relative to escrow accounts maintained by depository banks.