N.H. Admin. Code § Saf-C 1924.01

Current through Register No. 50, December 12, 2024
Section Saf-C 1924.01 - Withholding of Certificate: Bond Requirement
(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.

N.H. Admin. Code § Saf-C 1924.01

#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

Amended by Number 19, Filed May 11, 2023, Proposed by #13614, Effective 4/25/2023, Expires 4/25/2033.