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2009 SESSION
SB 1459 Manufactured Housing Licensing and Transaction Recovery Fund Law; raises maximum claim amount.
Introduced by: Phillip P. Puckett | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Manufactured Housing Licensing and Transaction Recovery Fund Law. Limits to $4,000 the amount of actual damages that a manufactured home dealer may retain when a buyer fails to accept delivery of a manufactured home that is larger than a single section unit and in the manufactured home dealer's stock. The bill also raises the limit of actual damages from $5,000 to $7,000 when a buyer fails to accept delivery of a manufactured home that is larger than a single section unit and is specially ordered for the buyer. In addition, the bill raises the maximum claim amount of a single claimant against the Manufactured Housing Transaction Recovery Fund for single or multiple violations by one or more regulants from $20,000 to $40,000, and raises the minimum balance of the Fund from $250,000 to $300,000. The bill also (i) authorizes interest earned on the Fund to be used for education programs for a wider range of individuals and to pay department staff expenses for conducting investigations, and (ii) authorizes the Manufactured Housing Board to use up to five percent of the balance of the Fund in any fiscal year for educational purposes and to pay investigation expenses. The provisions of the bill amending § 36-85.31 will expire on July 1, 2011.
FULL TEXT
- 01/20/09 Senate: Presented and ordered printed 092389300 pdf | impact statement
- 01/29/09 Senate: Committee substitute printed 092406300-S1 pdf | impact statement
- 02/17/09 House: Committee substitute printed 091856584-H1 pdf | impact statement
- 02/28/09 Senate: Bill text as passed Senate and House (SB1459ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0579) pdf
HISTORY
- 01/20/09 Senate: Presented and ordered printed 092389300
- 01/20/09 Senate: Referred to Committee on General Laws and Technology
- 01/28/09 Senate: Reported from General Laws and Technology with substitute (15-Y 0-N)
- 01/29/09 Senate: Committee substitute printed 092406300-S1
- 01/30/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/02/09 Senate: Read second time
- 02/02/09 Senate: Reading of substitute waived
- 02/02/09 Senate: Committee substitute agreed to 092406300-S1
- 02/02/09 Senate: Engrossed by Senate - committee substitute SB1459S1
- 02/12/09 House: Placed on Calendar
- 02/12/09 House: Read first time
- 02/12/09 House: Referred to Committee on General Laws
- 02/17/09 House: Reported from General Laws with substitute (21-Y 1-N)
- 02/17/09 House: Committee substitute printed 091856584-H1
- 02/18/09 House: Read second time
- 02/19/09 House: Read third time
- 02/19/09 House: Committee substitute agreed to 091856584-H1
- 02/19/09 House: Engrossed by House - committee substitute SB1459H1
- 02/19/09 House: Passed House with substitute (97-Y 1-N)
- 02/19/09 House: VOTE: --- PASSAGE (97-Y 1-N)
- 02/23/09 Senate: House substitute agreed to by Senate (39-Y 0-N)
- 02/23/09 Senate: Title replaced 091856584-H1
- 02/28/09 Senate: Enrolled
- 02/28/09 Senate: Bill text as passed Senate and House (SB1459ER)
- 02/28/09 Senate: Signed by President
- 02/28/09 House: Signed by Speaker
- 03/27/09 Governor: Approved by Governor-Chapter 579 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0579)