N.H. Admin. Code § Saf-C 518.21

Current through Register No. 45, November 7, 2024
Section Saf-C 518.21 - Remittance
(a) All registration fees received by a municipal agent, except those received in payment of the additional fee authorized by RSA 261:74-d, shall be remitted to the department as set forth in this section.
(b) All fees collected by a municipal agent shall be deposited in a state bank account established locally by the division in the name of the state of New Hampshire. The establishment of the account shall require governor and council approval.
(c) When fees are paid by the customer to the municipal agent by check, the checks shall be:
(1) Endorsed by the municipal agent for deposit only, using a stamp provided by the department; and
(2) Deposited in the state account.
(d) When fees are paid by the customer to the municipal agent in cash, the cash shall be deposited in the state account.
(e) Each remittance by the municipal agent to the department shall include copies of registrations and other required documentation along with a copy of the bank deposit slip and bank receipt covering the remittance in question.
(f) Each remittance shall also be accompanied by an official credit or debit memorandum.
(g) All fees collected by a municipal agent shall be deposited in the state account on a daily basis unless the municipal agent demonstrates to the director in writing that a daily deposit constitutes a hardship.
(h) The director shall approve an alternate deposit schedule in accordance with (g) above but at no time will approval be given for a deposit schedule which covers more than a 3-day work period.
(i) Each municipal agent shall not hold for deposit an amount in excess of the bond required in Saf-C 518.08.
(j) Each municipal agent shall be responsible for depositing into the state account an amount equal to all registration fees processed by the municipal agent that day.

N.H. Admin. Code § Saf-C 518.21

#7972, eff 10/17/2003 (See Revision Note #1 at chapter heading for Saf-C 500); ss by #9995, INTERIM, eff 9/17/2011, EXPIRED: 3/15/2012.
New. #10135, eff 5/23/2012.
Amended by Number 6, Filed February 9, 2023, Proposed by #13521, Effective 1/13/2023, Expires 1/13/2033 (formerly Saf-C 519.21).