New Hampshire Code of Administrative Rules
Inst - Installation Standards Board
Chapter Inst 300 - LICENSING AND TRAINING REQUIREMENTS
Part Inst 302 - FINANCIAL RESPONSIBILITY
Section Inst 302.01 - Proof of Financial Responsibility

Universal Citation: NH Admin Rules Inst 302.01

Current through Register No. 12, March 21, 2024

(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".

#8494, eff 12-24-05; ss by #10115, eff 4-14-12

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