| SB 0127 | Requires manufacturers and dealers of manufactured housing to be bonded |
| Sponsor: | Childers | |||
| LR Number: | S0188.01I | Fiscal Note: | 0188-01 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 01/14/99 - Referred S Insurance & Housing Committee | Journal page: | S98 | |
| Title: | ||||
| Effective Date: | August 28, 1999 | |||
SB 127 - This act requires manufacturers and dealers of
manufactured homes to be bonded in order to obtain or renew their
certificate of registration. The amount of the bond or letter of
irrevocable credit shall be $1,000 per manufactured home made or
sold. The bond, however, shall not be less than $5,000 nor more
than $20,000. The surety shall compensate any person who suffers
a loss by any act of the manufacturer or dealer which constitutes
a ground for suspension or revocation of the manufacturer's or
dealer's certificate.
STEPHEN WITTE