Section 264:7 - SuspensionsI.The suspension required in RSA 264:3 shall remain in effect, the vehicle in any manner involved in such accident shall not be registered in the name of the person whose license or registration was so suspended, and no other vehicle shall be registered in the name of such person nor shall any license be held by him until he has obtained a release or a judgment in his favor in an action at law to recover for damage to property or the death of or bodily injury to any person resulting from such accident or unless he shall have satisfied in the manner hereinafter provided any judgment rendered against him in such action, and gives and thereafter maintains proof of his financial responsibility. If the department has received no written notice from the aggrieved or injured person or his legal representative that suit has been brought within 2 years from the date of the accident the department then may, subject to the other requirements of the law, issue to such person a new license to drive and new registration certificates and registration plates, provided he shall give and thereafter maintain proof of financial responsibility. A discharge in bankruptcy shall not relieve the judgment debtor from any of the requirements of this chapter.II.The department may waive the requirements of filing proof of financial responsibility and certificates at any time after 3 years' duration from the date of accident involvement or conviction requiring such proof, provided the department has not received further record of conviction, accident involvement, forfeiture of bail, unsatisfied judgment or other evidence which would require the continuance of such furnishing of proof of financial responsibility and certificates.III.Upon receipt of notice or certification that the driving privilege or the privilege to have driven any vehicle registered to a resident of this state, or both, have been suspended or revoked in any other state, pursuant to a law providing for its suspension or revocation for failure to deposit security for the payment of judgments arising out of a vehicle accident, or failure to maintain proof of financial responsibility in the future; under circumstances which would allow the director to suspend a nonresident's driving privilege had the accident or conviction occurred in this state, the director may suspend or revoke the license or registration or both of such resident. Such suspension or revocation shall continue until such resident furnishes evidence of compliance with the law of such other state. 1937, 161:10. 1939, 49:1. RL 122:9. 1943, 85:2. RSA 268:9. 1955, 76:4. 1957, 305:7. 1971, 267:1. 1981, 146:1, eff. Jan. 1, 1982.