Code of Federal Regulations Title 38. Pensions, Bonuses, and Veterans' Relief § 38.36.4234 Title and lien requirements

(a) The interest in the manufactured home acquired by the veteran at the time of purchase shall be either:

(b) The loan must be secured by a properly recorded financing statement and security agreement or other security instrument that creates a first lien on or equivalent security interest in the manufactured home and all of the furnishings, equipment, and accessories paid for in whole or in part out of the loan proceeds.

(c) It is the responsibility of the lender that the veteran initially obtains an interest in the manufactured home meeting the requirements of paragraph (a) of this section and to obtain and retain a security interest meeting the requirements of paragraph (b) of this section.