The statute (RSA 359-P) articulates that a qualified claimant means a person who suffered financial losses as a result of the Financial Resources Mortgage fraud and is a claimant eligible for recovery assistance under this chapter. The statute goes on to state that a qualifying claimant shall not include a borrower under any loan transaction borrowed or serviced by Financial Resources Mortgage. Lastly, the statute articulates that claims for restitution assistance shall not be accepted for any losses that occurred prior to January 1, 2006 due to financial fraud. The FRM Administrator will determine who is eligible after receiving a completed application.
Yes, the statute states that a surviving spouse or surviving child of a qualifying claimant is eligible for recovery assistance.
An application can be found online at the Department of Justice website, under the section FRM Victims' Fund. This application can be submitted electronically or returned by mail.
If you choose to submit the form electronically, you will find on the FRM Victims' Fund section of the Department of Justice website, a link to NH Online Forms. Once on the NH Online Forms website, you will need to create an account. After you create an account, the form can be found by selecting Department of Justice from the drop down menu and clicking on Financial Resources Mortgage. Then click on the form listed-FRM Application for Recovery. From there you can begin to complete the form. Available on NH Online Forms is a blank entry form that can be printed and used for data gathering purposes. Please note that this Online Forms blank entry form will not be accepted in paper format.
If you choose to complete and submit the form by mail, please use the link directly on the FRM Victim's Fund website labeled paper form. Print it out, complete it, and mail it to the Administrator.
Yes, please include both names on the application if you lent money jointly. Only the last four digits of one individual's social security number is required.
Here is the link to the bankruptcy court filing: PACER: Login (uscourts.gov) You must create an account to view documents via Pacer. Here is the link to the NH Registers of Deeds to obtain copies of mortgage(s): www.nhdeeds.org Here is the link to the IRS to obtain IRS records (transcripts are acceptable): www.irs.gov/privacy-disclosure/routine-access-to-irs-records. If your mortgage was funded through an IRA account, please submit an IRA statement.
Contact the Administrator at FRM.Fund@doj.nh.gov or 603-271-1527, as she can help direct to information and answer questions. She may also be able to help calculate interest received.
If you sold your claim to a company during the bankruptcy case, that may affect your ability to recover on a claim here. However, the company likewise may not be eligible as a qualifying claimant under the statute, since it was not a victim of FRM. Perhaps a settlement between the parties (the claimant and company) can be reached, whereby the claim could be processed by the Administrator. We recommend you get legal advice on this point.
If you submitted your application online, you will be able to check the status of your application at the NH Online Forms website using the account you created. NH Online Forms System - State of New Hampshire
You will be notified if your application is accepted as complete. If you submitted your application online, you will be contacted by email. Otherwise you will receive correspondence via mail. Please be sure that your contact information is accurate.
Yes, the FRM Administrator will contact you if additional information is needed. Please be sure to complete the address, phone number, and email address section on the application to ensure accurate contact information. If you submitted your application online, you will be contacted by email.
Send an email to email@example.com.
The deadline for submitting an application is May 18, 2022. Applications not submitted timely may not be considered.
No, an application solely needs to be submitted timely (on or before May 18, 2022) for the claimant to be eligible. Applications may be reviewed after May 18, 2022 and the Administrator may request additional information from applicants after May 18, 2022, however this will not bar the applicant from recovery based on timeliness of the application.
If you are represented by an attorney, please let us know and forward contact information for the attorney. Correspondence will thereafter be sent directly to your counsel.
The FRM Administrator, who will be tracking all applications.
If you do not qualify, you will receive correspondence via mail and/or email articulating that you did not qualify and on what basis.
The statute articulates that the total amount of the fund, less costs of administration, shall be distributed on a pro rata basis to qualifying claimants. Please note that awards are capped at 50% of the amount lost on the amount of the claimant's original investment.
The statute articulates that the funds will be distributed to qualifying claimants annually on December 31st.
Wait for further updates, but most likely the options will be delivery by mail or in person at the Department of Justice/State Treasurer's Office on December 31st.
The statute indicates that the claimant shall immediately notify the Administrator of the award.
New Hampshire Department of Justice
33 Capitol Street | Concord, NH | 03301