There is a newer version
of
this Section
2022 New Hampshire Revised Statutes
Title XVII - Housing and Redevelopment
Title 204-C - Housing Finance Authority
Section 204-C:10 - Bonds by Certain Mortgagors.
Universal Citation: NH Rev Stat § 204-C:10 (2022)
204-C:10 Bonds by Certain Mortgagors. –
On all construction loans for the construction or rehabilitation of 11 or more dwelling units, as defined by the authority pursuant to adopted rules, the authority shall require bonds to be furnished by the mortgagor, an equivalent escrow or letter of credit arrangement supervised by the authority, or any other surety sufficient to assure performance by the contractor party to the contracts awarded to carry on such work, and to assure payment out of the construction loan funds for all labor and materials for which claimants would be able to claim a mechanic's lien pursuant to RSA 447.
Source. 1981, 466:2, eff. July 1, 1981. 2019, 116:1, eff. Aug. 20, 2019.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
