Details

The Banking Department directs small loan licensing and changes through NMLS. Its explanation includes entities generating leads, taking applications or brokering through a financial institution, funding loans and holding servicing rights. Identify each actual role, the legal company and trade name, principal office and branches. A bank funding the loan does not by itself settle the intermediary's own licensing question.

Complete Section399-A:4 requires continuous $25,000 security, thirty days' advance written cancellation or termination notice and the stated six-year claim or suit period measured from the underlying act. It requires a new bond when an action starts and immediately after recovery. These are separate from the positive-net-worth test and license renewal, and the claim period is not a six-year purchase term.

Purchase Now opens Propeller's New Hampshire Small Loan Lender application in a new tab. Bring the current Department request, company and trade names, NMLS identifiers, role and office list, accepted form, required sum and dates. Match them before paying. Arrange execution, confirm accepted bond delivery and receipt, complete the separate NMLS license or amendment and retain Department acceptance. Maintain required security rather than relying on a pending renewal or assuming the licensing portal establishes the bond's filing method.