MANUFACTURED HOME PURCHASE AGREEMENT CHANGE.

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View NCGA Bill Details2015-2016 Session
Senate Bill 491 (Public) Filed Wednesday, March 25, 2015
AN ACT TO AMEND THE REQUIREMENTS RELATED TO MANUFACTURED HOME PURCHASE AGREEMENTS.
Intro. by Barefoot.
Status: Re-ref Com On Rules, Calendar, and Operations of the House (House Action) (Jun 29 2016)

Bill History:

S 491

Bill Summaries:

  • Bill S 491 (2015-2016)
    Summary date: Apr 21 2015 - View Summary

    Senate committee substitute makes the following changes to the 1st edition:

    Amends GS 143-143.21A, Purchase agreements; buyer cancellations, deleting language which required purchase agreements for manufactured homes to include the estimated terms of financing the purchase. Deletes language which required the dealer to return the deposit or payment price if the dealer changes material terms of the purchase agreement.  Also deletes language that required the return of payment within three days of any change by the dealer of the purchase agreement. Deletes requirement that the buyer receive another three-day cancellation period each time the dealer gives the buyer a new set of financing terms. Makes technical and conforming changes.

    Makes a clarifying change to the effective date clause.

     

    Business and Commerce, Development, Land Use and Housing, Property and Housing
    GS 143
  • Bill S 491 (2015-2016)
    Summary date: Mar 26 2015 - View Summary

    Amends GS 143-143.21A (Purchase agreement; buyer cancellations) to provide that the statute's provisions concern the initial deposit or payment toward the purchase price (was, the deposit or other payment toward the purchase price). Effective October 1, 2015. 

    Business and Commerce, Development, Land Use and Housing, Property and Housing
    GS 143
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