Section 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".N.H. Admin. Code § Inst 302.01
#8494, eff 12-24-05; ss by #10115, eff 4-14-12