Mobilehomes

AB 2026 (Stone)

Mobilehome parks: sales.

2014

Description:

Would require a purchaser of a mobilehome to be presumed to have the financial ability to pay the rent and charges of the park if he or she has been approved for a loan to purchase the mobilehome that the purchaser intends to occupy, or if the purchaser has not been approved for a loan, based upon consideration of all information provided by the purchaser regarding his or her assets and ability to generate income demonstrating sufficient monthly income that meets or exceeds the income standard disclosed by management.

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Bill Text and Information

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