Section 393:23 Sales and Assignments. - New Hampshire Statutes

It may sell, transfer, assign, purchase, and repurchase real estate mortgages, notes, or other securities and may collect and apply payments due upon and may otherwise service mortgage loans, notes, and other securities owned by others; provided that such loans, notes, and other securities are of such type and within such limits as are prescribed for direct investment by building and loan associations under this chapter. It may be an originating or participating lender in participating loans as defined in RSA 387:1 provided that its participation in such loans shall be within such limits as are prescribed for direct investments by building and loan associations under this chapter. The small business administration, an agency of the United States, shall be deemed qualified by state law to be an originating lender or participating lender, within the meaning of this chapter and RSA 387:17-a.

Source. 1953, 178:2. RSA 393:23. 1959, 97:3. 1969, 75:1, eff. June 3, 1969.