Fair Manufactured Housing Loans: New Rules for Retailers
This bill aims to subject retailers of manufactured and modular homes to the same rules as other mortgage lenders. This means that when buying such a home, you will have similar protections and information as with a traditional mortgage, potentially increasing your financial security.
Key points
Retailers of manufactured and modular homes will be treated as mortgage originators.
Increased protection for buyers of manufactured homes by extending existing fair lending regulations.
Expired
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