Financial Statements: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.
","IsNote":null,"SubmittedVia":"NMLS
Internally-prepared statements must include an attestation, signed under\npenalty of Unsworn Falsification pursuant to NH RSA 641:3, that the financial\nstatements are true and accurate to the best of his or her belief and\nknowledge.
\n\n· \nFinancial statements should include a Balance\nSheet, Income Statement, Statement of Cash Flows, Statement of Owners Equity and relevant notes.
\n\n· \nUnaudited Financial Statements must be attested to\nby an officer of the company and signed under penalty of Unsworn Falsification\npursuant to NH RSA 641:3, that the financial statements are true and accurate\nto the best of his or her belief and knowledge.
\n\n\n\nOther Trade\nName: If operating under a name\nthat is different from the applicant’s legal name, that name (“Trade Name”,\n“Assumed Name” or “DBA”) must be listed under the Other Trade Names section of the Company Form (MU1). New Hampshire Banking Department does\nnot limit the number of other trade names.
Upload in NMLS: under the Document Type Trade\nName/Assumed Name Registration Certificates\n\n
\n\n in the Document\nUploads section of the Company Form (MU1).
Resident/Registered Agent: The Resident/Registered Agent must be listed\nunder the Resident/Registered Agent\nsection of the Company Form (MU1)
\n\nForeign companies (not formed under NH law) must\nappoint and maintain at all times a registered agent in New Hampshire. (If the\napplicant has a NH branch office, an individual in that office may be appointed\nas the NH registered agent.)
\n\nBanking Department examinations of the licensee’s\nbooks and records may take place at the registered agent’s office.
\n\nNote: Providing this information on the Company Form (MU1) does not take the place of filing Form U-2, Uniform Consent to Service of Process.
","IsNote":null,"SubmittedVia":"NMLS
Non-Primary Contact Employees: New Hampshire Banking Department requires that an individual(s) be\nidentified as a Non-Primary Contact\nfor the following areas.
\n\nThese contacts must\nbe listed in the Contact Employees section\nof the Company Form (MU1). If the individual is\nalready identified as a Primary Contact, they will need to also be identified\nas a Non-Primary Contact.
","IsNote":null,"SubmittedVia":"NMLS
Qualifying Individual: This\nindividual shall be employed full-time in a supervisory capacity at the\ncompany’s principal office and shall have been actively engaged in the mortgage\nbusiness in a similar supervisory\ncapacity for a minimum of 3 of the preceding 5 years as per NH RSA 397-A:5.\nThis individual will more than likely be a principal of the company, and the\nexperience outlined on the MU2 filed through the NMLS will be reviewed for\ncompliance with the statute. We may also\nrequest a resume.
\n\nIf the named individual has not already completed a\nbackground check he or she will need to complete one through this office unless\nhe or she is a New Hampshire licensed loan originator.
\n\nThis individual must be listed in the Qualifying Individual section of Company Form (MU1).
\n\nNote: At this time\nit is not a requirement that the Qualifying Individual be a license loan\noriginator.
","IsNote":null,"SubmittedVia":"NMLS
Principals\nof the applicant are considered “control persons” in New Hampshire\nand may include “management\nlevel employees ”.
RSA 397-A:1 XI-b states in part: Management\nlevel employees “or other position\nthe responsibilities of which provide such employee with the discretion or\nability to set policy or manage or direct affairs of the licensee as a whole,\nor of any division or department or unit of the licensee.”
\n\nIndividuals identified as\nmanagement level employees will need to complete a background check through the NMLS.
NMLS
Credit Report: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.
","IsNote":null,"SubmittedVia":"NMLS
MU2 Individual FBI Criminal\nBackground Check Requirements: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.
NMLS
Electronic Surety Bond: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.
","IsNote":null,"SubmittedVia":"Electronic\nSurety Bond in NMLS
AML/BSA\nPolicy: Upload an Anti-Money Laundering (AML) / Bank\nSecrecy Act (BSA) Policy that may include independent review. (this should be\nthe company’s most current policy and if already provided in document uploads\ndoes not need to be provided again.)
\n\nThis document should be\nnamed Internally Approved Date mm-dd-yyyy.
","IsNote":null,"SubmittedVia":"Upload in NMLS: under the Document Type AML/BSA\nPolicy in the Document Uploads\nsection of the Company Form (MU1).
Business Plan: Upload a business\nplan outlining the following information:
\n\nThis document should be named [Company Legal Name] Business Plan.
\n\nNote: If the existing uploaded business plan already\nincludes the above information, an additional document does not need to be\nuploaded. A company should only upload a single business plan. If\nstate-specific material is required, this information should be added to the\nexisting uploaded business plan.
","IsNote":null,"SubmittedVia":"Upload in NMLS: under the Document Type Business\nPlan in the Document Uploads\nsection of the Company Form (MU1).
Certificate\nof Authority/Good Standing Certificate: Applicants organized under the laws of the State of New Hampshire must\nupload a copy of the Certificate of Formation issued by the New Hampshire\nSecretary of State.
\n\nForeign (not formed under New Hampshire law) corporations, foreign\nlimited liability companies and foreign partnerships must provide a copy of\ntheir home state registration and proof of registration as a foreign\ncorporation, foreign limited liability company or foreign partnership\n(“Certificate of Authority”) issued by the NH Secretary of State. (Telephone\nNumber: 603-271-3244 or 603-271-3246) or visit their website at
\n\nUpload in NMLS: under the Document Type Certificate\nof Authority/Good Standing Certificate in the Document Uploads section of the Company Form (MU1).
Formation\nDocuments: Determine classification of applicant’s legal\nstatus and submit a State certified copy of the requested applicable\ndocumentation detailed below. Original formation documents and all subsequent\namendments, thereto including a list of any name changes.
\n\nThis document\nshould be named Formation Documentation\n[Date of Creation (MM-DD-YYYY)].
\n\nUnincorporated\nAssociation:
\n\nGeneral Partnership:
\n\nLimited\nLiability Partnership:
\n\n· \nCertificate of Limited Liability Partnership;\nand
\n\nLimited\nPartnership:
\n\nLimited\nLiability Limited Partnership:
\n\nLimited\nLiability Company (“LLC”):
\n\nCorporation:
\n\nNot\nfor Profit Corporation
\n\no \nInternal Revenue Service (“IRS”) 501(c)(3)\ndesignation letter; or
\n\no \nstatement from a State taxing body or the State\nattorney general certifying that: (i) the entity is a nonprofit organization\noperating within the State; and (ii) no part of the entity’s net earnings may\nlawfully benefit any private shareholder or individual; or
\n\no \nentity's certificate\nof incorporation or similar document if it clearly establishes the nonprofit\nstatus of the applicant; or
\n\no \nAny of the three preceding\nitems described, if that item applies to a State or national parent\norganization, together with a statement by the State or parent organization\nthat the applicant is a local nonprofit affiliate.
\n\nTrust\n(Statutory)
\n\nUpload in NMLS: under Formation\nDocument” in the Document Uploads\nsection of the Company Form (MU1).
Management\nChart: Submit a Management chart displaying the applicant’s directors,\nofficers, and managers (individual name and title). Must also identify\ncompliance reporting and internal audit structure.
\n\nThis document should be named [Company\nLegal Name] Management Chart.
\n\nNote: If the existing uploaded management chart\nalready includes the above information, an additional document does not need to\nbe uploaded. A company should only upload a single management chart.
","IsNote":null,"SubmittedVia":"Upload in NMLS: under Management Chart\nin the Document Uploads section of\nthe Company Form (MU1).
Organizational\nChart/Description: Submit a chart showing (or a description which includes) the percentage\nof ownership of:
\n\nThis document should be named [Company\nLegal Name] Organizational Chart – Description.
\n\nNote: If the existing uploaded Organizational\nChart/Description already includes the above information, an additional\ndocument does not need to be uploaded. A company should only upload a single\nmanagement chart.
","IsNote":null,"SubmittedVia":"Upload in NMLS: under Organizational\nChart/Description in the Document\nUploads section of the Company Form (MU1).
Affirmation Form: Complete and upload the Affirmation Form
\nThis must be signed by a control person for the company.
","IsNote":null,"SubmittedVia":"Upload to NMLS additional\nrequirement section
Form U-2, Uniform Consent to Service of Process: Complete and upload Form U-2
\nThis requirement is not in lieu of the “Registered Agent” field in NMLS.
","IsNote":null,"SubmittedVia":"Upload to NMLS additional\nrequirement section
Statement of Prior Activity: Complete and upload this form.
\n\nThis form is required even if the company has not had prior activity in New Hampshire.
","IsNote":null,"SubmittedVia":"Upload to NMLS additional\nrequirement section
State Examination System\n(SES) Contacts: The\ncompany will need to add a Supervisory Activity (SA) Contact and Complaints\nContact in the State Exam System (SES). These contacts will need to be set up\nso that the company will receive notifications through the SES for future exams\nand complaints.
\n\nThe link below provides information on how to set up the\ncontacts in the SES or call SES customer support at 1-800-269-6189.
\n\nCompany\nEnrollment in SES – How it Works (stateexaminationsystem.org)
","IsNote":true,"SubmittedVia":null,"Order":null,"RequirementsCategory":null,"NMLSDocumentUploadType":null,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Rebecca Nelson, CAS-II (rebecca.l.nelson@banking.nh.gov)","Modified":"2024-10-23T18:42:59.69","Version":1,"ChangeType":"ADD"}],"Id":13760,"Exception":null,"Status":5,"IsCanceled":false,"IsCompleted":true,"IsCompletedSuccessfully":true,"CreationOptions":0,"AsyncState":null,"IsFaulted":false}