Sec. 1201.513. DISPOSITION OF TRADE-INS AND OCCUPANCY OF HOMES BEFORE CLOSING. (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 or exchange 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 (H.B. 1460), Sec. 60, eff. January 1, 2008.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 408 (H.B. 2019), Sec. 69, eff. September 1, 2017.
Structure Texas Statutes
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
Section 1201.501. Prohibited Construction by Manufacturer
Section 1201.502. Prohibited Shipping by Manufacturer
Section 1201.503. Prohibited Alteration
Section 1201.504. Prohibited Sale or Exchange
Section 1201.505. Prohibited Purchase
Section 1201.507. False or Misleading Information
Section 1201.508. Down Payment
Section 1201.509. Prohibited Retention of Deposit
Section 1201.510. Prohibited Installation of Air Conditioning Equipment
Section 1201.511. Prohibited Real Estate Transaction
Section 1201.512. Prohibited Delivery or Installation of Manufactured Home
Section 1201.513. Disposition of Trade-Ins and Occupancy of Homes Before Closing