Section 126-A:57 Redemption of Certificates in Event of Default.
I. In the event a default occurs which under the lease or rental agreement entitles the landlord to claim and retain some or all of the security deposit or a landlord completes eviction proceedings in accordance with RSA 540, in order to effect a redemption of a guarantee certificate issued under this subdivision, the landlord shall within 30 days of such default event or eviction submit to the local housing security provider:
(a) A certification of default and entitlement to some or all of the security deposit executed by the landlord under penalties of perjury, or a copy of the landlord's eviction notice prepared and served in accordance with RSA 540:3 and RSA 540:5, as applicable.
(b) A copy of the writ of possession, if any, and a certification that the subject housing unit has been vacated.
(c) A written request for redemption of the certificate of guarantee, specifying the amount requested and the issue date and number of the certificate.
II. After receipt by the local housing security provider of the materials required under paragraph I, the local housing security provider shall have 30 days to issue a notice of approval, proposed adjustment, or rejection, stating with specificity its grounds for such adjustment or refusal. Upon approval of a request for redemption, the local housing security provider shall notify the division of such approval and the division shall have 30 days to redeem the certificate of guarantee.
Source. 1995, 310:1, eff. Nov. 1, 1995. 2006, 192:1, eff. Jan. 1, 2007.