Manufactured Housing Law Update
Manufactured Housing Law Update – July 2016Read Time: 1 min
McGlinchey Stafford is pleased to bring you the Manufactured Housing Law Update, prepared by the firm’s nationally recognized consumer financial services team. For decades, McGlinchey Stafford has been a leader in the manufactured housing and mortgage lending industries, representing clients in the areas of federal and state law compliance, preemption analysis and advice, nationwide document preparation, licensing support, due diligence, federal and state examination and enforcement action defense, individual and class action litigation defense, and white collar criminal defense.
The Update is presented to assist and inform manufactured home lenders, manufactured home dealers and manufactured home community owners, with news related to chattel lending and loan servicing, perfecting security interests in manufactured homes, manufactured housing installation standards, and more.
Topics covered in the July issue include Congress’s legislation allowing Section 8 vouchers to be used for the purchase of manufactured homes, as well as Nebraska’s amendment of its unclaimed property statute. In addition, there were positive case developments regarding the valuation of manufactured homes in bankruptcy.
Other developments this month include Illinois amending its retailer licensing laws and Missouri amending its laws relating to security deposits and imposing carpet cleaning costs on tenants. In addition, case law from Oregon provides warning regarding the need to make sure that a security interest in a manufactured home is properly perfected.