Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING |
Subtitle C. REGULATION OF CERTAIN TYPES OF HOUSING AND BUILDINGS |
Chapter 1201. MANUFACTURED HOUSING |
Subchapter K. PROHIBITED PRACTICES |
Sec. 1201.513. DISPOSITION OF TRADE-INS AND OCCUPANCY OF HOMES BEFORE CLOSING
Latest version.
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(a) A retailer may not sell a trade-in manufactured home before the closing of the sale in connection with which the retailer receives the trade-in.
(b) A retailer may not knowingly permit a consumer to occupy a manufactured home that is the subject of a sale, exchange, or lease-purchase to that consumer before the closing of any required financing unless the consumer is first given a form adopted by the board disclosing that if for any reason the financing does not close, the consumer may be required to vacate the home.
Added by Acts 2007, 80th Leg., R.S., Ch. 863 , Sec. 60, eff. January 1, 2008.