New HampshireDepartment of JusticeOffice of the Attorney General

FRM Victims' Fund FAQ

Frequently asked questions about the FRM Victims' Fund.

Who is eligible to make a claim?

I am a surviving spouse or surviving child of a potential claimant, can I apply?

How do I apply?

If I lent money together with another individual (such as a spouse), do we complete the application jointly?

Where can I find the information requested in the application?

What should I do if I don't know some of the information requested on the application, such as interest received?

What if I sold my claim to a company (such as Argo Partners, JM Partners, LLC)?

How can I check the status of my application?

How will I know if my application is accepted as complete?

If my application is incomplete or more information is required, will I be notified?

How do I update my contact information with the FRM Administrator?

Is there a deadline to apply?

I've submitted my application timely, does my application need to be accepted as complete by the Administrator before the May 18, 2022 deadline for me to be eligible for recovery?

What if I am represented by an attorney?

Who does my application go to?

How will I be notified if I don't qualify?

If I qualify, how will my award amount be determined?

If I qualify, when can I expect my award?

If I qualify, how will I get my award?

What should I do if I receive any compensation for my loss from an outside source subsequent to the filing of a claim?

I have a question not listed here, who can I contact?

back to topWho is eligible to make a claim?

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.

back to topI am a surviving spouse or surviving child of a potential claimant, can I apply?

Yes, the statute states that a surviving spouse or surviving child of a qualifying claimant is eligible for recovery assistance.

back to topHow do I apply?

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.

back to topIf I lent money together with another individual (such as a spouse), do we complete the application jointly?

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.

back to topWhere can I find the information requested in the application?

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.

back to topWhat should I do if I don't know some of the information requested on the application, such as interest received?

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.

back to topWhat if I sold my claim to a company (such as Argo Partners, JM Partners, LLC)?

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.

back to topHow can I check the status of my application?

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

back to topHow will I know if my application is accepted as complete?

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.

back to topIf my application is incomplete or more information is required, will I be notified?

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.

back to topHow do I update my contact information with the FRM Administrator?

Send an email to frm.fund@nh.gov.

back to topIs there a deadline to apply?

The deadline for submitting an application is May 18, 2022. Applications not submitted timely may not be considered.

back to topI've submitted my application timely, does my application need to be accepted as complete by the Administrator before the May 18, 2022 deadline for me to be eligible for recovery?

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.

back to topWhat if I am represented by an attorney?

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.

back to topWho does my application go to?

The FRM Administrator, who will be tracking all applications.

back to topHow will I be notified if I don't qualify?

If you do not qualify, you will receive correspondence via mail and/or email articulating that you did not qualify and on what basis.

back to topIf I qualify, how will my award amount be determined?

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.

back to topIf I qualify, when can I expect my award?

The statute articulates that the funds will be distributed to qualifying claimants annually on December 31st.

back to topIf I qualify, how will I get my award?

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.

back to topWhat should I do if I receive any compensation for my loss from an outside source subsequent to the filing of a claim?

The statute indicates that the claimant shall immediately notify the Administrator of the award.

back to topI have a question not listed here, who can I contact?

Send an email to frm.fund@nh.gov or call 603-271-1527. Please note that the FRM Administrator is a part-time position and calls will be returned when the FRM Administrator is in the office.

New Hampshire Department of Justice
33 Capitol Street | Concord, NH | 03301
Telephone: 603-271-3658