N.H. Admin. Code § Bfa 301.02

Current through Register No. 50, December 12, 2024

Section Bfa 301.02 - Requirements for Complete Application

Applications which fail to satisfy the following requirements shall be rejected by the authority:

(a) Applications shall be submitted and received at the authority's office by 4:00 p.m. before the expiration of any application filing deadlines.

(b) Each application shall include one original and one copy.

(c) Each of the programs require payment of an application fee to be established from time to time by the authority pursuant to RSA 162-A:25, VII. Each application shall include payment of the applicable application fee.

(d) Each application shall include the specific information requirements set forth in Bfa 302 with respect to the specific program under which application is made.

(e) For programs which require submission of an appraisal of collateral which shall be offered to support an application for a credit enhancement, each application shall include the required appraisal. However, if the applicant states that such an appraisal cannot be provided with the application for good cause, the authority shall accept as complete an application which states that the required appraisal shall be received by the authority no later than 90 days subsequent to the date the application is received by the authority.

(f) When the authority or a credit enhancement program requires an appraisal of collateral offered to support an application, the appraisal shall be made by an independent party.

(g) Good cause, for purposes of (e) above, means:

(1) The appraisal is not available because the independent party retained to perform such appraisal has not completed its appraisal;

(2) The appraisal is not available because the proposed transaction described in the application is or has been subject to development under an expeditious timetable under circumstances not within the control of the applicant; and

(3) The appraisal is not available due to any other factors which have delayed submission of such appraisal and are not within the control of the applicant.

(h) Each application shall be executed by an appropriate officer of the applicant who shall certify that the information contained in the application is, to the best of the officer's knowledge, true and correct in all material respects.

N.H. Admin. Code § Bfa 301.02

(See Revision Note at chapter heading for Bfa 100) #5719, eff 10-13-93