The bill, S.B. No. 1341, aims to amend the regulation of manufactured homes in Texas by updating definitions and requirements in the Business & Commerce Code and the Occupations Code. Key changes include redefining "manufactured home" and "HUD-code manufactured home" to align with the federal definition provided in 42 U.S.C. Section 5402(6). The bill also allows licensees to maintain required records electronically, provided they can produce them upon request. Additionally, it modifies the disclosure requirements for retailers, mandating that consumers receive a written disclosure regarding costs and obligations associated with home ownership before completing a sale or exchange.

Furthermore, the bill introduces a new section regarding the consumer's right to modify or waive the right of rescission in cases of bona fide personal emergencies, allowing for immediate purchase without the standard waiting periods. The previous requirements for advance copies of sales contracts and disclosures have been removed. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Commerce Code 9.102, Occupations Code 1201.003, Occupations Code 1201.162, Occupations Code 1201.164 (Commerce Code 9, Occupations Code 1201)