FRM Victims' Fund
The 2016 New Hampshire Legislature passed SB 155, which creates the Financial Resources Mortgage (FRM) Victims’ Contribution Recovery Fund. The statute is codified at RSA Chapter 359-P. The Fund will offer payments to persons who suffered financial losses as a result of the FRM fraud.
The statute requires the appointment of an independent administrator, who will secure contributions, create applications for assistance for victims, review applications and make awards of assistance. Further information may be found here.
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Pursuant to RSA 7:19-b, the Director of Charitable Trusts must determine whether there has been compliance with certain statutory standards required for hospital acquisition transactions. There are two transactions pending for review and the public has the opportunity to comment. Further information may be found here.
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In 1943, New Hampshire became the first state in the nation to create a Charitable Trusts Unit. The Charitable Trusts Unit is part of the Office of the Attorney General. The mission of the Charitable Trusts Unit is to protect the public's interest in the property and assets committed to charitable purposes in the State through effective registration, education, and enforcement.
The statute creating the Charitable Trusts Unit (RSA 7:19) provides the Attorney General's Office with all the common law and statutory authority to enforce charitable trust laws. The laws governing charitable trusts in New Hampshire are complex and the Director of Charitable Trusts is responsible for the supervision and enforcement of charitable trusts and charitable solicitations. The Director is a necessary party to all judicial proceedings that affect the purposes of a charitable organization, whether in Probate Court or Superior Court.
In terms of statutory mandates, the principal functions of the Charitable Trusts Unit include:
Contact information for the Charitable Trusts Unit:
Charitable Trusts Unit
Office of the Attorney General
33 Capitol Street
Concord, NH 03301
Telephone: (603) 271-3591
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New Hampshire Department of Justice | 33 Capitol Street | Concord, NH | 03301