89R15017 JAM-D
By: Cook S.B. No. 2764
A BILL TO BE ENTITLED
AN ACT
relating to information provided to a purchaser of a manufactured
home regarding the ability to elect to treat the home as real
property or personal property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1201.164, Occupations Code, is amended
by adding Subsection (c) to read as follows:
(c) A sales purchase contract must include a disclosure
regarding a purchaser's ability to elect to treat a manufactured
home as real property or personal property. The disclosure
required under this subsection must explain:
(1) the conditions required under Section
1201.2055(a) for an owner to elect to treat a manufactured home as
real property;
(2) the effects of electing to treat a home as real
property;
(3) that the election must be made on the application
for the issuance of a statement of ownership; and
(4) that the election may be made to convert the home
from personal property to real property or from real property to
personal property.
SECTION 2. Section 1201.164(c), Occupations Code, as added
by this Act, applies only to a sales purchase contract that is first
signed by a retailer on or after the effective date of this Act. A
sales purchase contract that is first signed by a retailer before
the effective date of this Act is governed by the law as it existed
immediately before the effective date of this Act, and that law is
continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2025.