NOTICE OF SALE OF MOBILE HOME PARKS

Summary

The bill obligates owners of mobile home parks to notify each resident and the state mortgage finance authority of any third‑party sale offer. Residents can collectively buy the park if at least 51% of occupied homes agree, following specific timelines and procedures. It adds penalties for owners who ignore the notice and purchase‑right requirements.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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