Manufactured Housing Law Update

Manufactured Housing Law Update – July 2017

July 2017

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.

Greetings MH fans. We hope you are enjoying summer and now you have the Manufactured Housing Law Update for your beach reading.

Since this update is not a sports column and does not generally cover happenings in the SEC, the only thing that happened in Mississippi last month that is worth reporting on are two manufactured home valuation cases in the bankruptcy setting.

If you are a lender and have steered clear of the “Show Me State” because of its onerous in-state office requirement, you should read on. Said differently, Missouri eliminated its SAFE Act’s in-state office requirement for manufactured housing lenders.

If you charge convenience fees in connection with payments, review the CFPB’s UDAAP guidance/warning on those practices.

Finally, if you file applications for Statements of Ownership, read the warning from the Texas Department of Housing and Community Affairs regarding failure to include the original Manufacturer’s Certificate. If you don’t, you may be SOL.

Read the full update here.