Statutes, codes, and regulations
New Hampshire Administrative Code
Title Jus - Attorney General, Department of JusticeChapter Jus 1300 - LAND SALES FULL DISCLOSURE RULES
Part Jus 1304 - EXEMPTIONS FROM REGISTRATION
Section Jus 1304.07 - Fifty Lot Exemption

N.H. Admin. Code § Jus 1304.07

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Current through Register No. 50, December 12, 2024
Section Jus 1304.07 - Fifty Lot Exemption
(a) The bureau shall exempt a subdivision from the registration and annual reporting requirements of RSA 356-A:4, I and RSA 356-A:5 through RSA 356-A:9 if the following conditions are met:
(1) The subdivision shall have no more than 50 lots, parcels, units, or interests, including any that may be added at a future time;
(2) The town or city in which the lots, parcels, units, or interests for which exemption is applied are located, shall have, prior to the time the application is filed, established a planning board pursuant to RSA 673:1, I;
(3) If the streets or roads providing access to the subdivision and to the lots, parcels, units, or interests for which exemption is applied are not complete at the time the application is filed, the subdivider shall post surety acceptable to the town or city as follows:
a. The surety shall be in the full amount of the cost of completing the streets or roads to assure completion to local standards; and
b. The surety shall be in the form prescribed by Jus 1304.14;
(4) The subdivision shall meet the requirements of Jus 1304.03(a)(7)-(l6), except that Jus 1304.03(a)(7) and (8) shall not need to be complied with if the subdivider discloses in the purchase and sale agreement that no assurances are made with respect to the matters included in those paragraphs; and
(5) At the time the application is filed, the subdivider shall:
a. Be the current owner of record of the lots, parcels, units, or interests in the subdivision; or
b. Be able to present evidence that it can convey or can reasonably be expected to be able to convey title by warranty deed if the purchaser complies with the terms of the offer.
(b) Notwithstanding the provisions of Jus 1304.07(a), above, an exemption shall not be granted if it does not protect purchasers pursuant to RSA 356-A.

N.H. Admin. Code § Jus 1304.07

(See Revision Note at chapter heading for Jus 1300) #9782-A, eff 9-11-10

Amended by Volume XXXIX Number 46, Filed November 14, 2019, Proposed by # 12656, Effective 10/24/2019, Expires 10/24/2029.