Enacts provisions relating to manufactured housing
With the introduction of SB 954, significant changes to state laws governing the manufactured housing market will occur. This includes stipulations requiring a minimum notice of termination for dealer agreements, now set at 120 days under most circumstances. The bill seeks to ensure that dealers are given ample opportunity to address issues before termination and sets clear guidelines for repurchasing unsold inventory, thereby creating a more stable environment for businesses in the manufactured home market. Local governments may also have to adjust their regulations to align with these new state provisions.
Senate Bill 954 aims to introduce comprehensive regulations related to manufactured housing in Missouri. The bill proposes the repeal of existing provisions in Section 700.010 of the Revised Statutes of Missouri and replaces these with five new sections, which establish clearer definitions and guidelines pertaining to the roles of manufacturers and dealers of manufactured homes. One key aspect of the bill is the formal requirement for manufacturers and dealers to enter into written agreements, which define sales territories and responsibilities, aiming to protect the interests of both parties involved in the sale of manufactured homes.
Some points of contention have arisen regarding the repoerted potential for these new regulations to lead to increased operational costs for dealers, as they may be required to adhere to rigorous compliance standards outlined in the bill. There are also concerns that these requirements may create barriers for new dealers attempting to enter the market, potentially reducing competition. Advocates for the bill argue that it is necessary to prevent unscrupulous practices in the manufactured housing sector and to safeguard consumers by ensuring that any damages or issues are appropriately disclosed prior to sale.