Dealer required to satisfy outstanding security interest in mobile home, manufactured home or commercial coach taken in trade. If a licensed dealer takes a mobile home, manufactured home or commercial coach in trade on the purchase of another such home or coach and there is an outstanding security interest, the licensed dealer shall satisfy the outstanding security interest within 30 days after the manufactured home, mobile home or commercial coach is taken in trade on the purchase of the other home or coach.
Last modified: February 25, 2006