Section 387:17-a Other Institutions. - New Hampshire Statutes

The small business administration and other federally-chartered corporations which are agencies or instrumentalities of the United States, the business finance authority as an agency of the state, trustees of pension trusts and retirement funds, and credit unions shall be deemed qualified to be an originating lender or a participating lender, and other New Hampshire corporations, nonprofit colleges, and nonprofit trusts and funds shall be deemed qualified to be participating lenders, within the meaning of this chapter and the definitions contained in RSA 387:1, XII, XIII and XIV, in participation with any of the kinds of institutions mentioned therein. Provided, however, that the authority granted by this section shall be limited to participation in mortgage loans authorized by RSA 387:4, I, II, III, IV and VI.

Source. 1963, 326:1. 1967, 117:3. 1969, 411:1. 1971, 286:1. 1992, 262:13, eff. May 15, 1992.