Manufactured Housing Law Update
Manufactured Housing Law Update – February 2018Read Time: 1 min
McGlinchey Stafford and the Manufactured Housing Institute (MHI) are pleased to bring you the Manufactured Housing Law Update. With content prepared by McGlinchey Stafford’s nationally-recognized consumer financial services team, the Update focuses on legal and regulatory actions in the manufactured housing industry.
We are happy to provide you with the February update. We know that soon your attention could be elsewhere—filling out your bracket and obsessively checking on game updates—so hopefully you’ll have a chance to read it before the tournament starts.
If you are unable to do so and need us to direct you to the must read items:
If you are a community operator in California, we recommend reading the new regulations dealing with discriminatory housing practices.
If you are servicer in Pennsylvania and you service home-only loans, review the Pennsylvania regulations which may effectively require compliance with the RESPA servicing regulations for home-only loans.
If you are selling homes in the state of Mississippi, you should review the changes to the sales tax rates.
Finally, if you lease manufactured homes and charge a capitalized cost reduction, we suggest reviewing the summary of a recent Department of Justice settlement requiring pro-rata rebate of the capitalized cost reduction upon early termination under the SCRA.