Michigan Laws 125.2322 – Mobile home dealer; surety bond; deposit; rules
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 125.2322
- Commission: means the manufactured housing commission. See Michigan Laws 125.2302
- Mobile home: means a structure that is transportable in 1 or more sections, built on a chassis, and designed to be used as a dwelling, with or without a permanent foundation, when connected to the required utilities, and includes the plumbing, heating, air-conditioning, and electrical systems contained in the structure. See Michigan Laws 125.2302
The commission may promulgate rules to require a licensed mobile home dealer to post a surety bond in an amount up to $10,000.00 for each sales location and may determine conditions of the bond. An appropriate deposit of cash or securities shall be accepted in lieu of a bond which is required.