N.H. Code Admin. R. Inst 302.01 - Proof of Financial Responsibility
(a)
Pursuant to RSA
205-D:9, I every applicant for the
installation of manufactured housing shall provide a $25,000 bond or letter of
credit.
(b) Cancellation of the
bond or letter of credit may occur upon the company providing 30 days written
notice to the board.
(c) The bond
shall be under the condition that the licensee shall not violate any laws or
regulations governing installation of manufactured house and to guarantee any
fines issued against the licensee.
(d) Any licensee who fails to file a bond or
letter of credit required pursuant to 302.01 (a) shall be denied a
license.
(e) The board shall not
accept a surety bond unless it is with a surety company authorized to do
business in New Hampshire.
(f) The
surety bond shall name as obligee "Treasurer, State of New Hampshire and any
person aggrieved under RSA 205-D".
Notes
#8494, eff 12-24-05; ss by #10115, eff 4-14-12
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