Section Jus 1407.02 - Review by the Bureau(a) At least 60 business days prior to offering any gift of intangible property as contemplated by Jus 1407.01, the person proposing to make the offer shall submit to the bureau an application as a written letter captioned CPLC120/"Exemption Request", as provided for by Jus 1404.14. The application shall be accompanied by a nonrefundable fee in the amount of $200. (b) The application shall include, at a minimum: (1) A request for exemption from the provisions of RSA 356-B:50, IV with respect to the offering;(2) A copy of the text of the proposed gift offer and all related promotional materials;(3) A statement as to the suggested retail value of the gift and the source of this claim;(4) The inclusive dates of intended use;(5) The estimated number and geographical distribution of offerees; (6) The name and address of the marketing company or distribution agent, if any, for the offer;(7) A statement of any terms and conditions not disclosed in the text of the offer to the offeree;(8) A statement of assurance as to the applicant's ability to carry out the terms of the offer; (9) The name, address, and telephone number of the applicant; (10) Verification that the offeree will obtain the benefits of the gift on the day of his or her visit to the condominium or attendance at the meeting at which the condominium will be discussed; and(11) A statement as to why enforcement of RSA 356-B:50, IV is not necessary in the public interest or for the protection of purchasers by reason of the small amount involved or the limited character of the offering. (c) Within 60 business days of receipt of the application for exemption, the bureau shall grant or deny the application for exemption pursuant to Jus 1407.01. (d) No offering of any gift of intangible property may be made prior to written or oral notice given by the bureau that the exemption has been granted.N.H. Admin. Code § Jus 1407.02
(See Revision Note at chapter heading for Jus 1400) #9783-A, eff 9-11-10
Amended by Volume XXXIX Number 46, Filed November 14, 2019, Proposed by # 12910, Effective 10/24/2019, Expires 10/24/2029.