| 1 | 1 | | I |
|---|
| 2 | 2 | | 119THCONGRESS |
|---|
| 3 | 3 | | 1 |
|---|
| 4 | 4 | | STSESSION H. R. 2461 |
|---|
| 5 | 5 | | To ensure that federally backed financing for the construction, rehabilitation, |
|---|
| 6 | 6 | | or purchase of manufactured home communities is available only for |
|---|
| 7 | 7 | | communities whose owner has implemented minimum consumer protec- |
|---|
| 8 | 8 | | tions in the lease agreements with residents of all manufactured home |
|---|
| 9 | 9 | | communities owned by such owner, and for other purposes. |
|---|
| 10 | 10 | | IN THE HOUSE OF REPRESENTATIVES |
|---|
| 11 | 11 | | MARCH27, 2025 |
|---|
| 12 | 12 | | Ms. P |
|---|
| 13 | 13 | | ETTERSEN(for herself, Ms. BONAMICI, Mr. LARSONof Connecticut, and |
|---|
| 14 | 14 | | Ms. T |
|---|
| 15 | 15 | | LAIB) introduced the following bill; which was referred to the Com- |
|---|
| 16 | 16 | | mittee on Financial Services |
|---|
| 17 | 17 | | A BILL |
|---|
| 18 | 18 | | To ensure that federally backed financing for the construc- |
|---|
| 19 | 19 | | tion, rehabilitation, or purchase of manufactured home |
|---|
| 20 | 20 | | communities is available only for communities whose |
|---|
| 21 | 21 | | owner has implemented minimum consumer protections |
|---|
| 22 | 22 | | in the lease agreements with residents of all manufac- |
|---|
| 23 | 23 | | tured home communities owned by such owner, and for |
|---|
| 24 | 24 | | other purposes. |
|---|
| 25 | 25 | | Be it enacted by the Senate and House of Representa-1 |
|---|
| 26 | 26 | | tives of the United States of America in Congress assembled, 2 |
|---|
| 27 | 27 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 28 | 28 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
|---|
| 29 | 29 | | •HR 2461 IH |
|---|
| 30 | 30 | | SECTION 1. SHORT TITLE. 1 |
|---|
| 31 | 31 | | This Act may be cited as the ‘‘Manufactured Housing 2 |
|---|
| 32 | 32 | | Tenant’s Bill of Rights Act of 2025’’. 3 |
|---|
| 33 | 33 | | SEC. 2. DEFINITIONS. 4 |
|---|
| 34 | 34 | | For purposes of this Act, the following definitions 5 |
|---|
| 35 | 35 | | shall apply: 6 |
|---|
| 36 | 36 | | (1) A |
|---|
| 37 | 37 | | FFILIATE.—Except as provided by the 7 |
|---|
| 38 | 38 | | Secretary or the Director, as applicable, the term 8 |
|---|
| 39 | 39 | | ‘‘affiliate’’ means, with respect to a borrower re-9 |
|---|
| 40 | 40 | | ferred to in section 3(a), any entity that controls, is 10 |
|---|
| 41 | 41 | | controlled by, or is under common control with, the 11 |
|---|
| 42 | 42 | | borrower. 12 |
|---|
| 43 | 43 | | (2) C |
|---|
| 44 | 44 | | OVERED LOAN PROGRAM .—The term ‘‘cov-13 |
|---|
| 45 | 45 | | ered loan program’’ means any of the following pro-14 |
|---|
| 46 | 46 | | grams: 15 |
|---|
| 47 | 47 | | (A) The program under section 207 of the 16 |
|---|
| 48 | 48 | | National Housing Act (12 U.S.C. 1713) for in-17 |
|---|
| 49 | 49 | | surance of loans for financing for the construc-18 |
|---|
| 50 | 50 | | tion or substantial rehabilitation of manufac-19 |
|---|
| 51 | 51 | | tured home parks. 20 |
|---|
| 52 | 52 | | (B) The program of the Federal National 21 |
|---|
| 53 | 53 | | Mortgage Association for multifamily loans for 22 |
|---|
| 54 | 54 | | manufactured home communities. 23 |
|---|
| 55 | 55 | | (C) The program of the Federal Home 24 |
|---|
| 56 | 56 | | Loan Mortgage Corporation for loans for manu-25 |
|---|
| 57 | 57 | | factured home communities. 26 |
|---|
| 58 | 58 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 59 | 59 | | ssavage on LAPJG3WLY3PROD with BILLS 3 |
|---|
| 60 | 60 | | •HR 2461 IH |
|---|
| 61 | 61 | | (3) COVERED PRICING INCENTIVE .—The term 1 |
|---|
| 62 | 62 | | ‘‘covered pricing incentive’’ means any pricing dis-2 |
|---|
| 63 | 63 | | count available to borrowers under any of the cov-3 |
|---|
| 64 | 64 | | ered loan programs that rewards the borrower’s im-4 |
|---|
| 65 | 65 | | plementation of 1 or more specific resident protec-5 |
|---|
| 66 | 66 | | tions and is designed to ensure that the benefits of 6 |
|---|
| 67 | 67 | | a covered loan program are provided at a lower cost 7 |
|---|
| 68 | 68 | | for manufactured home communities based on the 8 |
|---|
| 69 | 69 | | extent to which residents of a manufactured home 9 |
|---|
| 70 | 70 | | community are better protected from predatory rent 10 |
|---|
| 71 | 71 | | increases and management practices. 11 |
|---|
| 72 | 72 | | (4) D |
|---|
| 73 | 73 | | IRECTOR.—The term ‘‘Director’’ means 12 |
|---|
| 74 | 74 | | the Director of the Federal Housing Finance Agen-13 |
|---|
| 75 | 75 | | cy. 14 |
|---|
| 76 | 76 | | (5) E |
|---|
| 77 | 77 | | NTERPRISE.—The term ‘‘enterprise’’ has 15 |
|---|
| 78 | 78 | | the meaning given the term in section 1303 of the 16 |
|---|
| 79 | 79 | | Federal Housing Enterprises Financial Safety and 17 |
|---|
| 80 | 80 | | Soundness Act of 1992 (12 U.S.C. 4502). 18 |
|---|
| 81 | 81 | | (6) M |
|---|
| 82 | 82 | | ANUFACTURED HOME .—The term ‘‘manu-19 |
|---|
| 83 | 83 | | factured home’’— 20 |
|---|
| 84 | 84 | | (A) has the meaning given the term in sec-21 |
|---|
| 85 | 85 | | tion 603 of the National Manufactured Housing 22 |
|---|
| 86 | 86 | | Construction Safety and Standards Act of 1976 23 |
|---|
| 87 | 87 | | (42 U.S.C. 5402); and 24 |
|---|
| 88 | 88 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 89 | 89 | | ssavage on LAPJG3WLY3PROD with BILLS 4 |
|---|
| 90 | 90 | | •HR 2461 IH |
|---|
| 91 | 91 | | (B) includes any structure described in 1 |
|---|
| 92 | 92 | | such section 603 without regard to— 2 |
|---|
| 93 | 93 | | (i) whether the structure complies 3 |
|---|
| 94 | 94 | | with any standards under such Act; and 4 |
|---|
| 95 | 95 | | (ii) the date of the manufacture of the 5 |
|---|
| 96 | 96 | | structure. 6 |
|---|
| 97 | 97 | | (7) M |
|---|
| 98 | 98 | | ANUFACTURED HOME COMMUNITY .—The 7 |
|---|
| 99 | 99 | | term ‘‘manufactured home community’’ means any 8 |
|---|
| 100 | 100 | | community, court, or park equipped to accommodate 9 |
|---|
| 101 | 101 | | manufactured homes for which pad sites or pad sites 10 |
|---|
| 102 | 102 | | and the manufactured homes, or both, are leased to 11 |
|---|
| 103 | 103 | | residents to be used primarily for residential pur-12 |
|---|
| 104 | 104 | | poses, including any manufactured home community, 13 |
|---|
| 105 | 105 | | as the term is used for purposes of a program de-14 |
|---|
| 106 | 106 | | scribed in subparagraph (B) or (C) of paragraph 15 |
|---|
| 107 | 107 | | (2). 16 |
|---|
| 108 | 108 | | (8) S |
|---|
| 109 | 109 | | ECRETARY.—The term ‘‘Secretary’’ means 17 |
|---|
| 110 | 110 | | the Secretary of Housing and Urban Development. 18 |
|---|
| 111 | 111 | | SEC. 3. REQUIREMENTS FOR COVERED LOAN PROGRAMS. 19 |
|---|
| 112 | 112 | | (a) R |
|---|
| 113 | 113 | | EQUIREMENTS.—On and after the date that is 20 |
|---|
| 114 | 114 | | 180 days after the date of enactment of this Act, no loan 21 |
|---|
| 115 | 115 | | shall be eligible for insurance by the Secretary or purchase 22 |
|---|
| 116 | 116 | | by an enterprise, as applicable, under a covered loan pro-23 |
|---|
| 117 | 117 | | gram unless— 24 |
|---|
| 118 | 118 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 119 | 119 | | ssavage on LAPJG3WLY3PROD with BILLS 5 |
|---|
| 120 | 120 | | •HR 2461 IH |
|---|
| 121 | 121 | | (1) the borrower under the loan certifies to the 1 |
|---|
| 122 | 122 | | Secretary or the applicable enterprise that the bor-2 |
|---|
| 123 | 123 | | rower will include, in any lease agreement for a pad 3 |
|---|
| 124 | 124 | | site, or a pad site and manufactured home, located 4 |
|---|
| 125 | 125 | | in any manufactured home community that the bor-5 |
|---|
| 126 | 126 | | rower or an affiliate of the borrower owns, the min-6 |
|---|
| 127 | 127 | | imum consumer protections described in subsection 7 |
|---|
| 128 | 128 | | (b); and 8 |
|---|
| 129 | 129 | | (2) the borrower complies with regulations 9 |
|---|
| 130 | 130 | | issued by the Secretary or the Director, as applica-10 |
|---|
| 131 | 131 | | ble, that require the borrower to submit documenta-11 |
|---|
| 132 | 132 | | tion to the Secretary, or to the applicable enterprise 12 |
|---|
| 133 | 133 | | and the Director, that is sufficient, as determined by 13 |
|---|
| 134 | 134 | | the Secretary or the Director, to ensure that the 14 |
|---|
| 135 | 135 | | borrower is complying with the certification de-15 |
|---|
| 136 | 136 | | scribed in paragraph (1), which shall include a copy 16 |
|---|
| 137 | 137 | | of the standard lease agreement used by the bor-17 |
|---|
| 138 | 138 | | rower that includes the minimum protections de-18 |
|---|
| 139 | 139 | | scribed in subsection (b). 19 |
|---|
| 140 | 140 | | (b) M |
|---|
| 141 | 141 | | INIMUMCONSUMERPROTECTIONS.— 20 |
|---|
| 142 | 142 | | (1) I |
|---|
| 143 | 143 | | N GENERAL.—The minimum consumer 21 |
|---|
| 144 | 144 | | protections described in this subsection are as fol-22 |
|---|
| 145 | 145 | | lows: 23 |
|---|
| 146 | 146 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 147 | 147 | | ssavage on LAPJG3WLY3PROD with BILLS 6 |
|---|
| 148 | 148 | | •HR 2461 IH |
|---|
| 149 | 149 | | (A) 1-year lease terms that are renewable 1 |
|---|
| 150 | 150 | | for additional 1-year terms unless there is good 2 |
|---|
| 151 | 151 | | cause for non-renewal. 3 |
|---|
| 152 | 152 | | (B)(i) A right to receive written notice of 4 |
|---|
| 153 | 153 | | any newly required charges (including water 5 |
|---|
| 154 | 154 | | and other utilities) or increase in the rents for 6 |
|---|
| 155 | 155 | | pad sites, or pad sites and manufactured 7 |
|---|
| 156 | 156 | | homes, located in the community, including a 8 |
|---|
| 157 | 157 | | written justification of the increase with infor-9 |
|---|
| 158 | 158 | | mation on increases in the costs of operating, 10 |
|---|
| 159 | 159 | | maintaining, or improving the community. 11 |
|---|
| 160 | 160 | | (ii) A written notice described in clause (i) 12 |
|---|
| 161 | 161 | | shall— 13 |
|---|
| 162 | 162 | | (I) be provided to the tenant not less 14 |
|---|
| 163 | 163 | | than 60 days before the effective date of 15 |
|---|
| 164 | 164 | | any newly required charge or increase in 16 |
|---|
| 165 | 165 | | the rents, except that, in the case of any 17 |
|---|
| 166 | 166 | | increase exceeding 5 percent of the pre-18 |
|---|
| 167 | 167 | | vious monthly rent, an additional 30-days 19 |
|---|
| 168 | 168 | | notice shall be provided for each additional 20 |
|---|
| 169 | 169 | | 2.5-percent increase in the rent; and 21 |
|---|
| 170 | 170 | | (II) include identification of the 22 |
|---|
| 171 | 171 | | amount of, and a description of, any newly 23 |
|---|
| 172 | 172 | | required charges (including water and 24 |
|---|
| 173 | 173 | | other utilities) that the tenant is not cur-25 |
|---|
| 174 | 174 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 175 | 175 | | ssavage on LAPJG3WLY3PROD with BILLS 7 |
|---|
| 176 | 176 | | •HR 2461 IH |
|---|
| 177 | 177 | | rently responsible for but will be respon-1 |
|---|
| 178 | 178 | | sible for upon the rent increase and, if 2 |
|---|
| 179 | 179 | | available, an estimate of the monthly 3 |
|---|
| 180 | 180 | | amount of those charges. 4 |
|---|
| 181 | 181 | | (iii) For purposes of the calculation in 5 |
|---|
| 182 | 182 | | clause (i)(I)— 6 |
|---|
| 183 | 183 | | (I) the amount of any increase in the 7 |
|---|
| 184 | 184 | | monthly rent for a dwelling unit shall be 8 |
|---|
| 185 | 185 | | considered to include any newly required 9 |
|---|
| 186 | 186 | | charges described in clause (i)(II); and 10 |
|---|
| 187 | 187 | | (II) any newly required charges with-11 |
|---|
| 188 | 188 | | out an estimate of the monthly amount 12 |
|---|
| 189 | 189 | | shall be estimated at 5 percent of the pre-13 |
|---|
| 190 | 190 | | vious monthly rent. 14 |
|---|
| 191 | 191 | | (C) A 5-day grace period for rent pay-15 |
|---|
| 192 | 192 | | ments. 16 |
|---|
| 193 | 193 | | (D) A right to cure defaults on rent pay-17 |
|---|
| 194 | 194 | | ments within 15 days of the due date. 18 |
|---|
| 195 | 195 | | (E) A right for a tenant who owns a man-19 |
|---|
| 196 | 196 | | ufactured home to sell a manufactured home 20 |
|---|
| 197 | 197 | | owned by the tenant without having to first re-21 |
|---|
| 198 | 198 | | locate the manufactured home out of the com-22 |
|---|
| 199 | 199 | | munity. 23 |
|---|
| 200 | 200 | | (F) A right for a tenant who owns a man-24 |
|---|
| 201 | 201 | | ufactured home to sell a manufactured home 25 |
|---|
| 202 | 202 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 203 | 203 | | ssavage on LAPJG3WLY3PROD with BILLS 8 |
|---|
| 204 | 204 | | •HR 2461 IH |
|---|
| 205 | 205 | | owned by the tenant in place within a reason-1 |
|---|
| 206 | 206 | | able time period, but not earlier than 45 days, 2 |
|---|
| 207 | 207 | | after eviction by the owner of the manufactured 3 |
|---|
| 208 | 208 | | home community. 4 |
|---|
| 209 | 209 | | (G) A right for a tenant who owns a man-5 |
|---|
| 210 | 210 | | ufactured home— 6 |
|---|
| 211 | 211 | | (i) to sublease or assign the pad site 7 |
|---|
| 212 | 212 | | lease for the unexpired term to a new 8 |
|---|
| 213 | 213 | | buyer of the manufactured home unless the 9 |
|---|
| 214 | 214 | | prospective tenant fails to meet the reason-10 |
|---|
| 215 | 215 | | able and uniformly applied application cri-11 |
|---|
| 216 | 216 | | teria of the manufactured home commu-12 |
|---|
| 217 | 217 | | nity; and 13 |
|---|
| 218 | 218 | | (ii) in such a case of denial, a right to 14 |
|---|
| 219 | 219 | | written notice provided by the owner of the 15 |
|---|
| 220 | 220 | | manufactured home community informing 16 |
|---|
| 221 | 221 | | the tenant of the denial and the prospec-17 |
|---|
| 222 | 222 | | tive tenant of the denial and the specific 18 |
|---|
| 223 | 223 | | reason or reasons for denial. 19 |
|---|
| 224 | 224 | | (H) A right for a tenant who owns a man-20 |
|---|
| 225 | 225 | | ufactured home to post ‘‘For Sale’’ signs. 21 |
|---|
| 226 | 226 | | (I) A right to receive 60-day advance writ-22 |
|---|
| 227 | 227 | | ten notice of the planned sale or closure of the 23 |
|---|
| 228 | 228 | | manufactured home community, which shall— 24 |
|---|
| 229 | 229 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 230 | 230 | | ssavage on LAPJG3WLY3PROD with BILLS 9 |
|---|
| 231 | 231 | | •HR 2461 IH |
|---|
| 232 | 232 | | (i) include the price, terms and condi-1 |
|---|
| 233 | 233 | | tions for the sale of the manufactured 2 |
|---|
| 234 | 234 | | home community; and 3 |
|---|
| 235 | 235 | | (ii) provide that— 4 |
|---|
| 236 | 236 | | (I) no final acceptance of an 5 |
|---|
| 237 | 237 | | offer to sell the manufactured home 6 |
|---|
| 238 | 238 | | community may be made for 60 days; 7 |
|---|
| 239 | 239 | | and 8 |
|---|
| 240 | 240 | | (II) the owner shall negotiate in 9 |
|---|
| 241 | 241 | | good faith with the tenants if they 10 |
|---|
| 242 | 242 | | wish to purchase the manufactured 11 |
|---|
| 243 | 243 | | home community during that 60-day 12 |
|---|
| 244 | 244 | | period; 13 |
|---|
| 245 | 245 | | (J)(i) A right against termination of ten-14 |
|---|
| 246 | 246 | | ancy except in cases in which a tenant engages 15 |
|---|
| 247 | 247 | | in a material noncompliance with the rental 16 |
|---|
| 248 | 248 | | agreement, a tenant commits a material viola-17 |
|---|
| 249 | 249 | | tion of the manufactured home community rea-18 |
|---|
| 250 | 250 | | sonable rules or regulations, or the community 19 |
|---|
| 251 | 251 | | has a material, legitimate, and uniformly ap-20 |
|---|
| 252 | 252 | | plied business reason for termination that was 21 |
|---|
| 253 | 253 | | included in the lease agreement as grounds for 22 |
|---|
| 254 | 254 | | termination. 23 |
|---|
| 255 | 255 | | (ii) In the case of a termination described 24 |
|---|
| 256 | 256 | | in clause (i), a right to written notice provided 25 |
|---|
| 257 | 257 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 258 | 258 | | ssavage on LAPJG3WLY3PROD with BILLS 10 |
|---|
| 259 | 259 | | •HR 2461 IH |
|---|
| 260 | 260 | | by the owner of the community informing the 1 |
|---|
| 261 | 261 | | tenant of the termination and the specific rea-2 |
|---|
| 262 | 262 | | son or reasons for termination. 3 |
|---|
| 263 | 263 | | (2) R |
|---|
| 264 | 264 | | ULE OF CONSTRUCTION .—Nothing in this 4 |
|---|
| 265 | 265 | | subsection may be construed to annul, alter, or af-5 |
|---|
| 266 | 266 | | fect any State or local law providing greater protec-6 |
|---|
| 267 | 267 | | tions to tenants of manufactured home communities 7 |
|---|
| 268 | 268 | | than the protections afforded under this subsection. 8 |
|---|
| 269 | 269 | | (c) P |
|---|
| 270 | 270 | | RICINGINCENTIVES.— 9 |
|---|
| 271 | 271 | | (1) I |
|---|
| 272 | 272 | | N GENERAL.—Any covered pricing incen-10 |
|---|
| 273 | 273 | | tive offered for loans purchased under a covered loan 11 |
|---|
| 274 | 274 | | program on or after the date that is 180 days after 12 |
|---|
| 275 | 275 | | the date of enactment of this Act shall reward imple-13 |
|---|
| 276 | 276 | | mentation of resident protections that are more pro-14 |
|---|
| 277 | 277 | | tective than those specified in subsection (b). 15 |
|---|
| 278 | 278 | | (2) P |
|---|
| 279 | 279 | | ROHIBITION.—Any covered pricing incen-16 |
|---|
| 280 | 280 | | tive described in paragraph (1) that does not comply 17 |
|---|
| 281 | 281 | | with the requirement described in that paragraph 18 |
|---|
| 282 | 282 | | may not be offered for any loan purchased under a 19 |
|---|
| 283 | 283 | | covered loan program on or after the date that is 20 |
|---|
| 284 | 284 | | 180 days after the date of enactment of this Act. 21 |
|---|
| 285 | 285 | | (d) P |
|---|
| 286 | 286 | | UBLICATION.— 22 |
|---|
| 287 | 287 | | (1) I |
|---|
| 288 | 288 | | N GENERAL.—The Secretary and the Di-23 |
|---|
| 289 | 289 | | rector shall make the list of properties covered by 24 |
|---|
| 290 | 290 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00010 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 291 | 291 | | ssavage on LAPJG3WLY3PROD with BILLS 11 |
|---|
| 292 | 292 | | •HR 2461 IH |
|---|
| 293 | 293 | | the protections described in subsection (b) publicly 1 |
|---|
| 294 | 294 | | available on a single website. 2 |
|---|
| 295 | 295 | | (2) O |
|---|
| 296 | 296 | | THER COVERED PROPERTIES .—Properties 3 |
|---|
| 297 | 297 | | that are covered as of the date of enactment of this 4 |
|---|
| 298 | 298 | | Act by the Federal National Mortgage Association’s 5 |
|---|
| 299 | 299 | | Tenant Site Lease Protections or the Federal Home 6 |
|---|
| 300 | 300 | | Loan Mortgage Corporation’s MHC Tenant Protec-7 |
|---|
| 301 | 301 | | tions shall— 8 |
|---|
| 302 | 302 | | (A) be made publicly available; and 9 |
|---|
| 303 | 303 | | (B) include an explanation of the dif-10 |
|---|
| 304 | 304 | | ferences between those protections and the min-11 |
|---|
| 305 | 305 | | imum consumer protections described in sub-12 |
|---|
| 306 | 306 | | section (b). 13 |
|---|
| 307 | 307 | | (e) P |
|---|
| 308 | 308 | | ENALTIES.— 14 |
|---|
| 309 | 309 | | (1) I |
|---|
| 310 | 310 | | N GENERAL.—The Secretary and the Di-15 |
|---|
| 311 | 311 | | rector shall— 16 |
|---|
| 312 | 312 | | (A) prohibit a borrower or an affiliate of 17 |
|---|
| 313 | 313 | | the borrower from securing future federally 18 |
|---|
| 314 | 314 | | backed financing or other housing-related Fed-19 |
|---|
| 315 | 315 | | eral assistance for a period of not less than 2 20 |
|---|
| 316 | 316 | | years beginning on the date of the violation or 21 |
|---|
| 317 | 317 | | failure if the borrower or affiliate, as applicable, 22 |
|---|
| 318 | 318 | | willfully and materially— 23 |
|---|
| 319 | 319 | | (i) violates a consumer protection de-24 |
|---|
| 320 | 320 | | scribed in subsection (b); or 25 |
|---|
| 321 | 321 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00011 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 322 | 322 | | ssavage on LAPJG3WLY3PROD with BILLS 12 |
|---|
| 323 | 323 | | •HR 2461 IH |
|---|
| 324 | 324 | | (ii) fails to include the consumer pro-1 |
|---|
| 325 | 325 | | tections described in subsection (b) in any 2 |
|---|
| 326 | 326 | | lease agreement; and 3 |
|---|
| 327 | 327 | | (B) determine appropriate penalties for 4 |
|---|
| 328 | 328 | | any borrower who fails to— 5 |
|---|
| 329 | 329 | | (i) include the consumer protections 6 |
|---|
| 330 | 330 | | described in subsection (b) in any lease 7 |
|---|
| 331 | 331 | | agreement; or 8 |
|---|
| 332 | 332 | | (ii) comply with a lease agreement in-9 |
|---|
| 333 | 333 | | cluding the protections described in sub-10 |
|---|
| 334 | 334 | | section (b). 11 |
|---|
| 335 | 335 | | (2) N |
|---|
| 336 | 336 | | ATURE OF PENALTIES.—The penalties de-12 |
|---|
| 337 | 337 | | termined under paragraph (1)(B) shall be in addi-13 |
|---|
| 338 | 338 | | tion to minimum payments to the injured tenant as 14 |
|---|
| 339 | 339 | | follows: 15 |
|---|
| 340 | 340 | | (A) For a material violation of subpara-16 |
|---|
| 341 | 341 | | graph (A) or (J) of subsection (b)(1), 6 months 17 |
|---|
| 342 | 342 | | of the current monthly rent. 18 |
|---|
| 343 | 343 | | (B) For a material violation of subsection 19 |
|---|
| 344 | 344 | | (b)(1)(B), any increased rent must be paid back 20 |
|---|
| 345 | 345 | | to the tenant with interest, plus 25 percent. 21 |
|---|
| 346 | 346 | | (C) For a material violation of subsection 22 |
|---|
| 347 | 347 | | (b)(1)(C), any penalties or late fees must be 23 |
|---|
| 348 | 348 | | paid back to the tenant with interest, plus 25 24 |
|---|
| 349 | 349 | | percent. 25 |
|---|
| 350 | 350 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 351 | 351 | | ssavage on LAPJG3WLY3PROD with BILLS 13 |
|---|
| 352 | 352 | | •HR 2461 IH |
|---|
| 353 | 353 | | (D) For a material violation of subpara-1 |
|---|
| 354 | 354 | | graph (D), (E), or (F) of subsection (b)(1), the 2 |
|---|
| 355 | 355 | | greater of— 3 |
|---|
| 356 | 356 | | (i) the sale price of the manufactured 4 |
|---|
| 357 | 357 | | home, if the borrower or an affiliate sells 5 |
|---|
| 358 | 358 | | it within 12 months of the violation; or 6 |
|---|
| 359 | 359 | | (ii) 12 months of the prior monthly 7 |
|---|
| 360 | 360 | | rent. 8 |
|---|
| 361 | 361 | | (E) For a material violation of subpara-9 |
|---|
| 362 | 362 | | graph (G) or (H) of subsection (b)(1), the total 10 |
|---|
| 363 | 363 | | remaining monthly rent owed on the tenant’s 11 |
|---|
| 364 | 364 | | lease. 12 |
|---|
| 365 | 365 | | (F) For a material violation of subsection 13 |
|---|
| 366 | 366 | | (b)(1)(I), the greater of 2 months rent or 10 14 |
|---|
| 367 | 367 | | percent of the sale price of the community di-15 |
|---|
| 368 | 368 | | vided by the number of tenants in the manufac-16 |
|---|
| 369 | 369 | | tured home community. 17 |
|---|
| 370 | 370 | | SEC. 4. MANUFACTURED HOME COMMUNITY LENDING 18 |
|---|
| 371 | 371 | | STANDARDS COMMISSION. 19 |
|---|
| 372 | 372 | | (a) E |
|---|
| 373 | 373 | | STABLISHMENT.—There is established a com-20 |
|---|
| 374 | 374 | | mission to be known as the Manufactured Home Commu-21 |
|---|
| 375 | 375 | | nity Lending Standards Commission. 22 |
|---|
| 376 | 376 | | (b) D |
|---|
| 377 | 377 | | UTIES.— 23 |
|---|
| 378 | 378 | | (1) P |
|---|
| 379 | 379 | | ROPOSED STANDARDS .—Not later than 1 24 |
|---|
| 380 | 380 | | year after the date of enactment of this Act, the 25 |
|---|
| 381 | 381 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00013 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 382 | 382 | | ssavage on LAPJG3WLY3PROD with BILLS 14 |
|---|
| 383 | 383 | | •HR 2461 IH |
|---|
| 384 | 384 | | Commission shall submit to Congress, the Secretary, 1 |
|---|
| 385 | 385 | | and the Director a report that sets forth proposed 2 |
|---|
| 386 | 386 | | consumer protection standards for covered loan pro-3 |
|---|
| 387 | 387 | | grams that— 4 |
|---|
| 388 | 388 | | (A) are in addition to and provide greater 5 |
|---|
| 389 | 389 | | protection than the requirements described in 6 |
|---|
| 390 | 390 | | section 3(b); and 7 |
|---|
| 391 | 391 | | (B) could be used as a basis for estab-8 |
|---|
| 392 | 392 | | lishing covered pricing incentives under the cov-9 |
|---|
| 393 | 393 | | ered loan programs that comply with section 10 |
|---|
| 394 | 394 | | 3(c). 11 |
|---|
| 395 | 395 | | (2) S |
|---|
| 396 | 396 | | TANDARD FOR DETERMINATIONS .—Any 12 |
|---|
| 397 | 397 | | determination by the Commission to approve a con-13 |
|---|
| 398 | 398 | | sumer protection in the proposed standards required 14 |
|---|
| 399 | 399 | | under paragraph (1) shall be made by a vote of a 15 |
|---|
| 400 | 400 | | simple majority of the members of the Commission. 16 |
|---|
| 401 | 401 | | (c) M |
|---|
| 402 | 402 | | EMBERSHIP.— 17 |
|---|
| 403 | 403 | | (1) N |
|---|
| 404 | 404 | | UMBER AND APPOINTMENT .—The Com-18 |
|---|
| 405 | 405 | | mission shall be composed of 16 members, as fol-19 |
|---|
| 406 | 406 | | lows: 20 |
|---|
| 407 | 407 | | (A) The Secretary (or the Secretary’s des-21 |
|---|
| 408 | 408 | | ignee). 22 |
|---|
| 409 | 409 | | (B) The Director (or the Director’s des-23 |
|---|
| 410 | 410 | | ignee). 24 |
|---|
| 411 | 411 | | (C) 1 representative from each enterprise. 25 |
|---|
| 412 | 412 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00014 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 413 | 413 | | ssavage on LAPJG3WLY3PROD with BILLS 15 |
|---|
| 414 | 414 | | •HR 2461 IH |
|---|
| 415 | 415 | | (D) 3 each shall be appointed by the 1 |
|---|
| 416 | 416 | | Speaker of the House of Representatives, the 2 |
|---|
| 417 | 417 | | minority leader of the House of Representa-3 |
|---|
| 418 | 418 | | tives, the majority leader of the Senate, and the 4 |
|---|
| 419 | 419 | | minority leader of the Senate. Of the 3 mem-5 |
|---|
| 420 | 420 | | bers appointed by each such officer— 6 |
|---|
| 421 | 421 | | (i) 1 shall be employed at the time of 7 |
|---|
| 422 | 422 | | appointment as a professor or academic re-8 |
|---|
| 423 | 423 | | searcher with demonstrated background in 9 |
|---|
| 424 | 424 | | housing and consumer protection issues, 10 |
|---|
| 425 | 425 | | especially as they relate to manufactured 11 |
|---|
| 426 | 426 | | home; 12 |
|---|
| 427 | 427 | | (ii) 1 shall be a current or former 13 |
|---|
| 428 | 428 | | member of Congress; and 14 |
|---|
| 429 | 429 | | (iii) 1 shall be a current resident and 15 |
|---|
| 430 | 430 | | homeowner at a manufactured home com-16 |
|---|
| 431 | 431 | | munity. 17 |
|---|
| 432 | 432 | | (2) C |
|---|
| 433 | 433 | | HAIRPERSON AND CO-CHAIRPERSON.— 18 |
|---|
| 434 | 434 | | (A) C |
|---|
| 435 | 435 | | HAIRPERSON.—The chairperson of 19 |
|---|
| 436 | 436 | | the Commission shall be designated by the 20 |
|---|
| 437 | 437 | | President from among the members of the 21 |
|---|
| 438 | 438 | | Commission. 22 |
|---|
| 439 | 439 | | (B) C |
|---|
| 440 | 440 | | O-CHAIRPERSON.—The co-chair-23 |
|---|
| 441 | 441 | | person of the Commission shall be selected as 24 |
|---|
| 442 | 442 | | follows: 25 |
|---|
| 443 | 443 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00015 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 444 | 444 | | ssavage on LAPJG3WLY3PROD with BILLS 16 |
|---|
| 445 | 445 | | •HR 2461 IH |
|---|
| 446 | 446 | | (i) DESIGNATION BY SPEAKER OF 1 |
|---|
| 447 | 447 | | THE HOUSE.—If, on the date of appoint-2 |
|---|
| 448 | 448 | | ment, the Speaker of the House of Rep-3 |
|---|
| 449 | 449 | | resentatives is of a different political party 4 |
|---|
| 450 | 450 | | than the President, the Speaker of the 5 |
|---|
| 451 | 451 | | House of Representatives shall designate 6 |
|---|
| 452 | 452 | | the co-chairperson from among the mem-7 |
|---|
| 453 | 453 | | bers of the Commission. 8 |
|---|
| 454 | 454 | | (ii) D |
|---|
| 455 | 455 | | ESIGNATION BY MINORITY LEAD -9 |
|---|
| 456 | 456 | | ER OF THE HOUSE.—If, on the date of ap-10 |
|---|
| 457 | 457 | | pointment, the Speaker of the House of 11 |
|---|
| 458 | 458 | | Representatives is of the same political 12 |
|---|
| 459 | 459 | | party as the President, the minority leader 13 |
|---|
| 460 | 460 | | of the House of Representatives shall des-14 |
|---|
| 461 | 461 | | ignate the co-chairperson from among the 15 |
|---|
| 462 | 462 | | members of the Commission. 16 |
|---|
| 463 | 463 | | (3) T |
|---|
| 464 | 464 | | IMING OF APPOINTMENTS .—Appointments 17 |
|---|
| 465 | 465 | | to the Commission shall be made not later than 45 18 |
|---|
| 466 | 466 | | days after the date of enactment of this Act. 19 |
|---|
| 467 | 467 | | (4) T |
|---|
| 468 | 468 | | ERMS; VACANCIES.— 20 |
|---|
| 469 | 469 | | (A) T |
|---|
| 470 | 470 | | ERMS.—Each member shall be ap-21 |
|---|
| 471 | 471 | | pointed for the life of the Commission. 22 |
|---|
| 472 | 472 | | (B) V |
|---|
| 473 | 473 | | ACANCIES.—Any vacancy in the 23 |
|---|
| 474 | 474 | | Commission shall— 24 |
|---|
| 475 | 475 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00016 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 476 | 476 | | ssavage on LAPJG3WLY3PROD with BILLS 17 |
|---|
| 477 | 477 | | •HR 2461 IH |
|---|
| 478 | 478 | | (i) not affect the powers of the Com-1 |
|---|
| 479 | 479 | | mission; and 2 |
|---|
| 480 | 480 | | (ii) be filled within 45 days of the va-3 |
|---|
| 481 | 481 | | cancy in the manner in which the original 4 |
|---|
| 482 | 482 | | appointment was made. 5 |
|---|
| 483 | 483 | | (5) H |
|---|
| 484 | 484 | | EARINGS.— 6 |
|---|
| 485 | 485 | | (A) I |
|---|
| 486 | 486 | | N GENERAL.—In carrying out the du-7 |
|---|
| 487 | 487 | | ties of the Commission under this section, the 8 |
|---|
| 488 | 488 | | Commission is authorized to hold such hearings 9 |
|---|
| 489 | 489 | | and take testimony with respect to matters to 10 |
|---|
| 490 | 490 | | which it has a responsibility under this section. 11 |
|---|
| 491 | 491 | | (B) O |
|---|
| 492 | 492 | | ATHS.—The chairperson of the Com-12 |
|---|
| 493 | 493 | | mission, or any member of the Commission au-13 |
|---|
| 494 | 494 | | thorized by the chairperson, may administer 14 |
|---|
| 495 | 495 | | oaths or affirmations to witnesses appearing be-15 |
|---|
| 496 | 496 | | fore the Commission. 16 |
|---|
| 497 | 497 | | (6) P |
|---|
| 498 | 498 | | ROHIBITION OF COMPENSATION .—Mem-17 |
|---|
| 499 | 499 | | bers of the Commission shall serve without pay. 18 |
|---|
| 500 | 500 | | (d) O |
|---|
| 501 | 501 | | PERATION ANDPOWERS.— 19 |
|---|
| 502 | 502 | | (1) M |
|---|
| 503 | 503 | | EETINGS.—The Commission shall meet 20 |
|---|
| 504 | 504 | | not later than 30 days after the date upon which a 21 |
|---|
| 505 | 505 | | majority of the members of the Commission have 22 |
|---|
| 506 | 506 | | been appointed and at such times thereafter as the 23 |
|---|
| 507 | 507 | | chairperson or co-chairperson shall determine. De-24 |
|---|
| 508 | 508 | | tailed minutes of each meeting of the Commission, 25 |
|---|
| 509 | 509 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 510 | 510 | | ssavage on LAPJG3WLY3PROD with BILLS 18 |
|---|
| 511 | 511 | | •HR 2461 IH |
|---|
| 512 | 512 | | except for any closed session, shall be kept and shall 1 |
|---|
| 513 | 513 | | include a record of the persons present and a com-2 |
|---|
| 514 | 514 | | plete and accurate description of matters discussed. 3 |
|---|
| 515 | 515 | | (2) R |
|---|
| 516 | 516 | | ULES OF PROCEDURE .—The chairperson 4 |
|---|
| 517 | 517 | | and co-chairperson of the Commission shall, with the 5 |
|---|
| 518 | 518 | | approval of a majority of the members of the Com-6 |
|---|
| 519 | 519 | | mission, establish written rules of procedure for the 7 |
|---|
| 520 | 520 | | Commission, which shall include a quorum require-8 |
|---|
| 521 | 521 | | ment to conduct the business of the Commission. 9 |
|---|
| 522 | 522 | | (3) H |
|---|
| 523 | 523 | | EARINGS.— 10 |
|---|
| 524 | 524 | | (A) F |
|---|
| 525 | 525 | | REQUENCY.—The Commission shall 11 |
|---|
| 526 | 526 | | hold no fewer than 2 hearings on matters to 12 |
|---|
| 527 | 527 | | carry out the duties of the Commission under 13 |
|---|
| 528 | 528 | | subsection (b). 14 |
|---|
| 529 | 529 | | (B) T |
|---|
| 530 | 530 | | ESTIMONY.—The Commission may 15 |
|---|
| 531 | 531 | | take testimony and receive evidence as the 16 |
|---|
| 532 | 532 | | Commission considers appropriate. 17 |
|---|
| 533 | 533 | | (C) N |
|---|
| 534 | 534 | | OTICE.— 18 |
|---|
| 535 | 535 | | (i) H |
|---|
| 536 | 536 | | EARINGS.—Timely public notice 19 |
|---|
| 537 | 537 | | of each hearing of the Commission, includ-20 |
|---|
| 538 | 538 | | ing the time, place, and agenda of the 21 |
|---|
| 539 | 539 | | meeting, shall be provided by any means 22 |
|---|
| 540 | 540 | | determined by the Commission to provide 23 |
|---|
| 541 | 541 | | for wide publicity. 24 |
|---|
| 542 | 542 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 543 | 543 | | ssavage on LAPJG3WLY3PROD with BILLS 19 |
|---|
| 544 | 544 | | •HR 2461 IH |
|---|
| 545 | 545 | | (ii) MEETINGS.—Timely notice of 1 |
|---|
| 546 | 546 | | each regular meeting of the Commission 2 |
|---|
| 547 | 547 | | shall be published in the Federal Register. 3 |
|---|
| 548 | 548 | | (iii) C |
|---|
| 549 | 549 | | OMMENTS.—Interested persons 4 |
|---|
| 550 | 550 | | shall be permitted to submit written state-5 |
|---|
| 551 | 551 | | ments regarding the matters on the agenda 6 |
|---|
| 552 | 552 | | of the hearings of the Commission. 7 |
|---|
| 553 | 553 | | (e) T |
|---|
| 554 | 554 | | ERMINATION.—The Commission shall terminate 8 |
|---|
| 555 | 555 | | upon the submission of the report required under sub-9 |
|---|
| 556 | 556 | | section (b)(1). 10 |
|---|
| 557 | 557 | | SEC. 5. FUNDING. 11 |
|---|
| 558 | 558 | | (a) P |
|---|
| 559 | 559 | | ROHIBITION.—No additional funds are author-12 |
|---|
| 560 | 560 | | ized to be appropriated to carry out this Act. 13 |
|---|
| 561 | 561 | | (b) U |
|---|
| 562 | 562 | | SE OFEXISTINGFUNDS.—Any expenses re-14 |
|---|
| 563 | 563 | | quired to carry out this Act shall be funded using amounts 15 |
|---|
| 564 | 564 | | otherwise available to the Department of Housing and 16 |
|---|
| 565 | 565 | | Urban Development or to the Federal Housing Finance 17 |
|---|
| 566 | 566 | | Agency. 18 |
|---|
| 567 | 567 | | SEC. 6. STANDARD LEASE. 19 |
|---|
| 568 | 568 | | (a) I |
|---|
| 569 | 569 | | NGENERAL.—The Director shall, in consulta-20 |
|---|
| 570 | 570 | | tion with the enterprises, develop a standard site-lease 21 |
|---|
| 571 | 571 | | agreement that the enterprises will certify provides suffi-22 |
|---|
| 572 | 572 | | cient certainty to ensure that the mortgage loans secured 23 |
|---|
| 573 | 573 | | by homes in manufactured home communities utilizing the 24 |
|---|
| 574 | 574 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00019 Fmt 6652 Sfmt 6201 E:\BILLS\H2461.IH H2461 |
|---|
| 575 | 575 | | ssavage on LAPJG3WLY3PROD with BILLS 20 |
|---|
| 576 | 576 | | •HR 2461 IH |
|---|
| 577 | 577 | | standard lease will be eligible for purchase under the sin-1 |
|---|
| 578 | 578 | | gle-family mortgage programs of the enterprises. 2 |
|---|
| 579 | 579 | | (b) S |
|---|
| 580 | 580 | | UBMISSION TOCONGRESS.—Not later than 1 3 |
|---|
| 581 | 581 | | year after the date of enactment of this Act, the Director 4 |
|---|
| 582 | 582 | | shall submit to the Committee on Banking, Housing, and 5 |
|---|
| 583 | 583 | | Urban Affairs and the Committee on Financial Services 6 |
|---|
| 584 | 584 | | of the House of Representatives a copy of the standard 7 |
|---|
| 585 | 585 | | site-lease agreement developed under subsection (a). 8 |
|---|
| 586 | 586 | | Æ |
|---|
| 587 | 587 | | VerDate Sep 11 2014 21:00 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00020 Fmt 6652 Sfmt 6301 E:\BILLS\H2461.IH H2461 |
|---|
| 588 | 588 | | ssavage on LAPJG3WLY3PROD with BILLS |
|---|