359-P:1 Definitions. – In this chapter: I. " Claimant " means a person who is a victim of the Financial Resources Mortgage fraud and who has filed a complete application for recovery assistance under this chapter. II. " Director " means the director of charitable trusts, department of justice. III. " Financial Resources Mortgage […]
359-P:10 Claims Prior to January 1, 2006. – Claims for restitution assistance shall not be accepted for any losses that occurred prior to January 1, 2006 due to financial fraud. Source. 2016, 293:2, eff. Aug. 20, 2016.
359-P:2 FRM Victims’ Contribution Recovery Fund Established. – I. There is hereby established the FRM victims’ contribution recovery fund. The fund shall be nonlapsing and continually appropriated to the director. The fund shall be capped at $10,000,000 and shall consist of gifts and contributions of any kind. II. The fund shall be used for […]
359-P:3 Eligibility for Recovery Assistance. – I. Except as otherwise provided in this chapter, a claimant shall be eligible for recovery assistance at the rate of 50 cents on each dollar lost by the claimant under this chapter if the claimant: (a) Submits all supplemental documents as requested by the attorney or administrator. (b) […]
359-P:4 Attorney/Administrator. – The director shall hire an attorney or administrator who shall review applications for assistance submitted pursuant to this chapter, make awards of assistance in accordance with the procedures of this chapter, and report annually to the director commencing on February 1, 2022 and each February 1 thereafter. The director shall negotiate […]
359-P:5 Recovery Assistance. – I. A victim eligible for recovery assistance under RSA 359-P:3 may file an application for recovery assistance with the attorney or administrator on the following form: Financial Resources Mortgage, Inc and CL_&_M, Inc. Victims Indemnification Application Name Address Phone E-mail Social Security No. I.) Proof of Claim Federal Bankruptcy Court […]
359-P:6 Awards Under This Chapter Set Off Against Any Other Recovery. – I. The amount of any award made under this chapter shall be set off against any other recovery sources, including, but not limited to awards from private suits, arbitration, bankruptcy court awards or settlements, or other sources of recovery. II. In the […]
359-P:7 Recovery Assistance Prohibited. – Recovery assistance shall not be awarded if the attorney or administrator for the attorney or administrator determines the claimant: I. Sustained the monetary injury as a result of participating or assisting in or attempting to commit or committing financial fraud with Financial Resources Mortgage; or II. Profited or would […]
359-P:8 Award Not Subject to Other Processes. – An award made under this chapter shall not be subject to execution, attachment, garnishment, or other process. A claimant convicted of forgery, fraud, or deception in connection with a claim under this chapter shall forfeit an award paid to the claimant under this chapter. Source. 2016, […]
359-P:9 Liability of State. – The state shall be under no obligation or liability under this chapter except to make payments to claimants to whom the recovery fund attorney or administrator has made awards of assistance, but only to the extent there is money available in the fund. Source. 2016, 293:2, eff. Aug. 20, […]
