Michigan Laws 125.2324 – Mobile home dealer; prohibited conduct
Current as of: 2024 | Check for updates
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A mobile home dealer shall not:
(a) Advertise or represent a mobile home as other than calendar or model year.
Terms Used In Michigan Laws 125.2324
- Commission: means the manufactured housing commission. See Michigan Laws 125.2302
- Department: means the department of licensing and regulatory affairs, except as follows:
(i) Department means the department of state in all of the following circumstances:
(A) As used in section 5(1) with respect to rules promulgated under section 5(1)(h). See Michigan Laws 125.2302Escrow: Money given to a third party to be held for payment until certain conditions are met. Mobile home: means a structure that is transportable in 1 or more sections, built on a chassis, and designed to be used as a dwelling, with or without a permanent foundation, when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained in the structure. See Michigan Laws 125.2302 Mobile home park: means a parcel or tract of land under the control of a person upon which 3 or more mobile homes are located on a continual, nonrecreational basis and which is offered to the public for that purpose regardless of whether a charge is made for the parcel or tract of land, together with any building, structure, enclosure, street, equipment, or facility used or intended for use incident to the occupancy of a mobile home. See Michigan Laws 125.2302
(b) Misapply consumer deposits on a mobile home or a mobile home park.
(c) Fail to place deposits, down payments, or similar payments for the purchase or right to purchase a mobile home in a separate escrow account subject to return upon cancellation of the purchase order by the prospective purchaser under the rules or orders as the commission promulgates or issues unless the dealer shall post a bond or a deposit of cash or securities for protection of these payments in an amount acceptable to the commission.
(d) Fail to disclose to the department any direct or indirect business relationships with financial and loan institutions, banks, and insurance companies.