Loan Estimate Challenges
New Hampshire’s Biggest LE Challenges
04.26.2023
Community
Well-known for its feisty state motto, “Live Free or Die,” New Hampshire’s closing fee requirements are unsurprisingly straightforward.
LCHIP Fee
One unique requirement imposed upon residential real estate transactions in New Hampshire is the Land and Community Heritage Investment Program (LCHIP) fee. This charge is automatically bundled into residential recording fees, and amounts to a modest $25 surcharge directed into a trust fund housed in the New Hampshire Department of Treasury. That fund supports grants awarded to entities and individuals preserving or revitalizing historic structures or promoting acts of land conservation.
RELATED POSTS
Loan Estimate Challenges
Oregon’s Biggest LE Challenges
Oregon is one of only a few states in which the title insurance rate is promulgated, meaning all title insurers are required to charge the premium rates set by the state or agency overseeing the regulated rates, and no discounting or variation from the promulgated rates is permitted.
Loan Estimate Challenges
New Mexico’s Biggest LE Challenges
New Mexico is a state in which title insurance rates are promulgated. Accordingly, title insurance premiums are governed by the New Mexico Office of Superintendent of Insurance. Rates are adjusted state wide, regardless of the identity of the title insurance provider.