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Committee advances bill to preserve liens when manufactured homes convert to real property
Summary
Lawmakers advanced House Bill 377 to clarify that existing liens on manufactured homes are preserved when those homes are permanently affixed to foundations and converted from personal property to real property, a change sponsors said could encourage lending for more affordable housing.
A committee advanced House Bill 377, a measure intended to make it clearer that liens taken on manufactured homes remain effective when the homeowner converts the unit from personal property to real property. Sponsors said the change aims to encourage lenders to finance manufactured and modular homes.
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