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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 24. A mobile home dealer shall not:
(a) Advertise or represent a mobile home as other than calendar or model year.
(b) Misapply consumer deposits on a mobile home or a mobile home park.
(c) Fail to place deposits, down payments, or similar payments for the purchase or right to purchase a mobile home in a separate escrow account subject to return upon cancellation of the purchase order by the prospective purchaser under the rules or orders as the commission promulgates or issues unless the dealer shall post a bond or a deposit of cash or securities for protection of these payments in an amount acceptable to the commission.
(d) Fail to disclose to the department any direct or indirect business relationships with financial and loan institutions, banks, and insurance companies.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 125. Planning, Housing and Zoning § 125.2324 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-125-planning-housing-and-zoning/mi-comp-laws-125-2324/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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