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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.
Representative Leverett, the bill presenter, described the bill as similar to Senate Bill 119 and said it would simplify the legal process by assuring lenders that existing liens are not diminished by conversion to real property. “Wehope it'll bring more folks into that lending space,” Leverett said, and stressed the change is meant to increase access to financing for workforce housing.
Committee members discussed concerns about county inspection or code-enforcement interplay when a manufactured home is converted, but the sponsor and members said the bill does not expand officials’ inspection authority or otherwise create new regulatory bases for additional enforcement. The committee recorded no public testimony opposed to the bill.
A motion to advance the bill passed unanimously in committee. Committee members identified Senator Goodman as the senator who will carry the measure in the other chamber.
