Synopsis
This amendment modifies House Bill No. 180 to provide a clear framework by which residents of a manufactured home community can obtain information relating to a potential purchaser of the community. Specifically, this amendment does all of the following: 1. Requires that the owner of a manufactured home community provide, upon request, the identity of a bona fide potential purchaser. 2. Defines "bona fide potential purchaser" as a person under a written agreement to purchase the community who has tendered a non-refundable deposit or has substantially completed due diligence. 3. Requires that when a manufactured home community owner is not required to give notice of, or extend a right of first offer, the required notice of the decision to sell, transfer, or convey all or part of the community must be provided within 15 business days of when the transaction is completed or if applicable, within 15 business days of receiving notice of the foreclosure.