Is there a timeline for enforcing a securities arbitration award?

Yes, there is a timeline for enforcing a securities arbitration award in New Hampshire. Under the New Hampshire Securities Act, the arbitration panel has fifteen days to issue its award after the hearing is concluded. The award must then be filed with the Supervisor of Securities within thirty days of the issuance. Once the award is filed with the Supervisor of Securities, each party has ninety days to appeal the award. If the award is not appealed, then it becomes final. If the award is appealed, then the party has another ninety days to file their appeal with the appropriate court. If a judgment is rendered, either party has ninety days to enforce the judgment. Once the judgment is issued, the party seeking to enforce the award must record the notice of lis pendens with the clerk of the court. This is a notice that a lawsuit has been filed and any action or sale of the subject property must be reported to the court. After the notice is recorded, the party seeking enforcement has one year from the date the judgment was issued to file an action to enforce the judgment. If an appeal is taken, or if either party does not timely file to enforce the award, then the award loses its enforceability. A party can then file a motion to reinstate the award with the court or with the arbitration panel.

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