Manufactured Housing Law Update
Manufactured Housing Law Update – May 2017Read Time: 1 min
McGlinchey Stafford and the Manufactured Housing Institute (MHI) is 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 apologize for any paper cuts that you receive reading the May update. Due to active state legislatures, this update is rather lengthy.
Texas adopted its manufactured housing clean-up bill, which makes several changes to the Occupations Code, including removing confusing references to “lease purchases.” Also, if your operation is in Texas and you liked the name of your title documents, your SOL …… is no more.
Trending this month is legislation impacting charging consumers for water and sewer services, such as through sub-metering. Legislation that prohibits landlords or political subdivisions from discouraging residents from seeking emergency assistance was also popular last month.
On the lending front, Iowa made changes to the permissible fees charged in connection with transactions subject to the ICCC and amended the ICCC by increasing the consequences of making a loan without a license.