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Financial Services Law Insights and Observations

New Hampshire issues FAQs on foreclosures during pandemic

State Issues Covid-19 New Hampshire Mortgages

State Issues

On March 31, the New Hampshire Banking Department issued FAQs for consumers addressing foreclosures during the Covid-19 pandemic. The FAQs reiterate that New Hampshire Emergency Order #4 establishes a temporary prohibition on all foreclosures while New Hampshire’s Covid-19 state of emergency is in effect, and that the CARES Act gives borrowers with federally-backed mortgage loans the right to request a forbearance based on Covid-19 related financial hardship.