SS · Prompt Payment and Construction Lien Act
Part 2 — Creation of Lien
26 Holdback by mortgagee
secured by a mortgage may retain the amount required to be
retained by the owner as the person primarily liable on the contract
and the retention by the mortgagee of that amount is deemed to be
a compliance with section 18(1), (1.1) or (1.2) or 23(1), (1.1) or
(1.2), as the case may be, by the owner as the person primarily
liable on the contract.
RSA 2000 cB-7 s26;2001 c20 s7;2020 c30 s11