Contract for sale or exchange of interest in mobile home, manufactured home or commercial coach: Dealer prohibited from obtaining or attempting to obtain signature of buyer if essential provisions not set forth; authority of dealer to insert certain information; Administrator to prescribe essential provisions.
1. Except as otherwise provided in subsection 2, a dealer shall not obtain or attempt to obtain the signature of a buyer on a contract for the sale or exchange of an interest in a mobile home, manufactured home or commercial coach if any of the essential provisions of the contract are not set forth in the contract.
2. The dealer may insert:
(a) The identification number or identifying marks of a manufactured home, mobile home or commercial coach; and
(b) The date the first installment payment for the sale or exchange is due from the buyer,
Ê into the blank spaces of a contract after the contract has been signed by a buyer if the manufactured home, mobile home or commercial coach was not delivered to the buyer on the date the contract was executed.
3. The Administrator shall prescribe, by regulation, the essential provisions of a contract.
Last modified: February 25, 2006