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HB 152 (BR 1098) - B. Smith
AN ACT relating to manufactured housing.
Amend KRS 227.550 to exempt banks, trust companies, and lending institutions from the requirement for licensing of manufactured housing dealers for the purpose of disposition of repossessed manufactured housing.
HB 152 - AMENDMENTS
HCS - Retain original provisions and clarify that a bank, trust company, or lending institution is exempt with regard to disposition of its own repossessed manufactured housing; exempt a real estate agent who acts merely as a negotiator and does not acquire ownership or possession of three (3) or more manufactured homes in a twelve (12) month period.
SFA (1, E. Scorsone) - Amend KRS 227.600 to clarify that although banks and lending institutions do not need a license as a dealer to dispose of repossessed manufactured housing, banks and lending institutions must still comply with the requirements that repossessed manufactured housing be reinspected and certified and a Class B seal affixed prior to sale.
SFA (2, E. Scorsone) - Amend KRS 227.600 to clarify that although banks and lending institutions do not need a license as a dealer with regard to disposition of repossessed manufactured housing, banks and lending institutions must still comply with the requirement that repossessed manufactured housing be reinspected and certified and a Class B seal affixed prior to sale; amend KRS 227.570 to provide that a bank, trust company, or lending institution which has acquired and offers for sale a used manufactured home, mobile home, or recreational vehicle shall be subject to the same construction standards and requirements that apply to dealers.
(Prefiled by the sponsor(s))
Jan 8-introduced in House; to Seniors, Military Affairs and Public Safety (H)
Jan 17-posted in committee
Jan 29-reported favorably, 1st reading, to Calendar with Committee Substitute
Jan 30-2nd reading, to Rules
Jan 31-posted for passage in the Regular Orders of the Day for Friday, February 1, 2002
Feb 1-3rd reading, passed 93-0 with Committee Substitute
Feb 4-received in Senate
Feb 6-to Banking and Insurance (S)
Feb 14-reported favorably, 1st reading, to Consent Calendar
Feb 15-2nd reading, to Rules
Feb 19-floor amendment (1) filed
Feb 20-floor amendment (2) filed
Feb 25-recommitted to Appropriations and Revenue (S)
Mar 11-taken from committee; returned to Rules
Mar 12-posted for passage in the Regular Orders of the Day for Wednesday, March 13, 2002
Mar 13-3rd reading; floor amendment (1) withdrawn ; floor amendment (2) rejected ; passed 32-2
Mar 14-received in House; enrolled, signed by each presiding officer; delivered to Governor
Mar 26-signed by Governor (Acts ch. 75)
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