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2010 SESSION

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HB 1374 Manufactured Housing Licensing & Transaction Recovery Fund Law; dealer may retain damages.

Introduced by: James M. Scott | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Manufactured Housing Licensing and Transaction Recovery Fund Law.  Clarifies that when the buyer of a manufactured home that is a single section unit fails to accept delivery, the manufactured home dealer may retain actual damages of $1,000. The bill also provides that the authority of the Manufactured Housing Board to authorize up to five percent of the Manufactured Housing Transaction Recovery Fund balance for educational purposes and to pay staff expenses related to regulatory functions shall expire on July 1, 2011.


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