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Committee clears bill clarifying liens and title rules for manufactured housing
Summary
House Bill 377 clarifies how liens on manufactured homes interact with surrender of a certificate of title and conversion of the home to real property, aiming to preserve lender liens and streamline the process for owners and lenders.
The House Banks and Banking Committee passed House Bill 377, a measure intended to clarify lien and title treatment when manufactured housing is converted from titled personal property to real property by recording a Certificate of Permanent Location.
Representative Rob Leverett, presenting the bill, said current law lets owners surrender a certificate of title and record the home as real property, but lenders and buyers have raised questions about whether existing liens survive that conversion. Leverett said the bill clarifies that a lender’s lien will be preserved when the certificate is surrendered and that lenders…
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