The bill amends Chapter 31-44 of the General Laws, which governs mobile and manufactured homes, by updating key definitions and clarifying the roles of the Department of Business Regulation and the Secretary of Housing. New terms such as "executive office of housing" and "secretary" are introduced to define the office responsible for housing matters and its head. The bill emphasizes the powers and duties of these entities in interpreting laws related to mobile homes, ensuring compliance, and conducting public education programs.

Additionally, the bill revises the process for the sale of mobile home parks, enhancing tenant protections and promoting resident ownership. It requires park owners to notify each owner of a mobile home in the mobile home park and the executive office of housing about bona fide offers to buy or lease the park, allowing tenant associations the right of first refusal under certain conditions. The park owner must not make a final unconditional acceptance of an offer for the sale or lease of the mobile home park earlier than forty-five days after the notice is mailed.

The bill mandates good faith negotiations between park owners and mobile home owners or their associations, requires written explanations for rejected offers within three days, and prohibits nonrefundable deposits at the time of purchase agreement execution. It clarifies that financing contingencies cannot be the sole reason for rejecting offers and outlines the responsibilities of mobile home owners in securing financing. The act will take effect upon passage.