New Hampshire Revised Statutes 360:22 – Subsequent Mortgage
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Terms Used In New Hampshire Revised Statutes 360:22
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Personal property: All property that is not real property.
No mortgagor shall execute a second or subsequent mortgage of personal property while the same is subject to a previously existing mortgage given by him, unless the fact of the existence of the previous mortgage is set forth in the subsequent mortgage.