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Texas Statutes (Last Updated: January 4, 2014) |
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OCCUPATIONS CODE |
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Title 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING |
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Subtitle C. REGULATION OF CERTAIN TYPES OF HOUSING AND BUILDINGS |
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Chapter 1201. MANUFACTURED HOUSING |
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Subchapter J. USED OR SALVAGED MANUFACTURED HOMES |
Sec. 1201.460. COMPLIANCE NOT REQUIRED FOR LIENHOLDER
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(a) A holder of a lien recorded on the statement of ownership and location of a manufactured home that has not been converted to real property who sells, exchanges, or lease-purchases a repossessed manufactured home covered by that statement of ownership and location is not required to comply with this chapter if the sale, exchange, or lease-purchase is:
(1) to or through a licensed retailer; or
(2) to a purchaser for the purchaser's business use.
(b) If the sale, exchange, or lease-purchase of the repossessed manufactured home is to or through a licensed retailer, the retailer is responsible and liable for compliance with this chapter and department rules. The lienholder may not be joined as a party in any litigation relating to the sale, exchange, or lease-purchase of the home.
(c) If the sale, exchange, or lease-purchase of the repossessed manufactured home is to a purchaser for the purchaser's business use, the lienholder shall apply to the department for the issuance of a new statement of ownership and location indicating that the home is reserved for business use.