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House passes bill to preserve lenders' security interests when manufactured homes convert to real property
2765678 · March 25, 2025
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Summary
Senate Bill 119 passed the House 168'0. The bill clarifies the process for preserving lender liens when a manufactured home is converted from personal property to real property, aiming to improve lender certainty and support workforce housing lending.
The House approved Senate Bill 119, a measure designed to clarify how a security interest on a manufactured home is preserved if the home is later converted to real property. Representative Leverett presented the bill and said it matches House-passed legislation earlier in the session and had passed this chamber…
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