New Hampshire Code of Administrative Rules
Saf - Department of Safety
Subtitle Saf-C - Commissioner, Department of Safety
Chapter Saf-C 1900 - BUREAU OF TITLE AND ANTI-THEFT RULES
Part Saf-C 1924 - BOND REQUIREMENTS AS SECURITY OF OWNERSHIP
Section Saf-C 1924.01 - Withholding of Certificate: Bond Requirement

Universal Citation: NH Admin Rules Saf-C 1924.01

Current through Register No. 40, October 3, 2024

(a) Pursuant to RSA 261:10, II, each applicant shall furnish the following to the bureau:

(1) A properly executed application for title, form TDMV 23, "Application for Certificate of Title", (rev. 07/19) or TDMV 23B, "Application for Certificate of Title", (rev. 07/18), prepared by the local town or city clerk, or dealer, as provided in Saf-C 1903.01(a);

(2) A statement explaining the circumstances as to the posting of the bond and the reason the proper supporting documents could not be obtained;

(3) A properly executed verification of vehicle identification number, form TDMV 19A, "Verification of Vehicle Identification", (rev. 03/22); and

(4) The appropriate fee, pursuant to RSA 261:20.

(b) The bureau shall accept as security of ownership one of the following in an amount equal to one and1/2 times the current National Automobile Dealer Association's (NADA) retail value of the vehicle:

(1) Cash;

(2) Certified check;

(3) Bank passbook with a withdrawal slip executed to the division in the proper amount; or

(4) Surety bond.

(c) Each applicant filing a surety bond, pursuant to (b)(4) above, shall furnish the following to the bureau:

(1) Name and address of insurance company;

(2) Amount of the bond;

(3) Description of vehicle;

(4) Bond number;

(5) Provisions as to liability and return of the bond;

(6) Name of principal and of surety; and

(7) Signature of principal and attorney.

#4823, eff 6-1-90; ss by #4981, eff 11-16-90; ss by #6293, eff 7-23-96; ss by #8123, INTERIM, eff 7-17-04, EXPIRED: 1-13-05

New. #8339, eff 4-26-05 (from Saf-C 1923.01); ss by #10190, eff 9-27-12

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