Section 397-A:4 Exemptions.
The provisions of this chapter shall not apply to:
I. Depository institutions or an institution regulated by the Farm Credit Administration.
II. Registered mortgage loan originators, when acting for an entity described in paragraph I or for a subsidiary that is owned and controlled by an entity described in paragraph I.
III. Any individual who offers or negotiates terms of a residential mortgage loan with or on behalf of an immediate family member of the individual.
IV. An individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence.
V. A licensed attorney who negotiates the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client, provided that the attorney is not compensated, directly or indirectly, by a lender, a mortgage broker, mortgage servicer, or other mortgage loan originator or by any agent of such lender, mortgage broker, mortgage servicer, or other mortgage loan originator.
Source. 1987, 339:1. 1995, 58:1; 244:12. 2003, 313:40. 2005, 255:4, 5, eff. Sept. 12, 2005. 2009, 290:19, eff. July 31, 2009.