Bill H.757 amends various provisions related to manufactured homes and limited equity cooperatives in Vermont. It updates the definition of "mobile home" to include specific criteria for determining when a mobile home is considered permanently sited, such as being stabilized on blocks, connected to utilities, or having its wheels removed. The bill also modifies the requirements for warranty and quitclaim deeds for mobile homes, ensuring that owners provide appropriate documentation upon financing or selling their homes. Additionally, it introduces new provisions for limited equity cooperatives, including restrictions on subleasing units and requirements for asset distribution upon dissolution.

Furthermore, the bill enhances the treatment of mobile home parks organized as limited equity cooperatives for state funding and grants, ensuring they are recognized similarly to state nonprofit corporations. It also mandates that municipalities cannot exclude mobile homes from residential development areas and establishes a sales and use tax exemption for new energy-efficient mobile homes. The Secretary of State is authorized to update the registration of limited equity cooperatives, and a report on state funding for mobile home parks is required by November 15, 2026. The act is set to take effect on July 1, 2026, with specific provisions having staggered effective dates.

Statutes affected:
As Introduced: 9-72, 11-1598, 24-4412, 10-1264, 32-9706(s), 32-9706, 32-9741, 32-9601, 32-9602, 32-9605, 32-9606, 32-9607, 32-3802
As Passed By the House -- Official: 9-72, 11-1598, 24-4412, 10-1264, 32-9706(s), 32-9706, 32-9741, 32-9601, 32-9602, 32-9605, 32-9606, 32-9607, 32-3802, 11-1583
As Passed By the House -- Unofficial: 9-72, 11-1583, 11-1598, 24-4412, 32-9706, 32-9741
As Passed by Both House and Senate -- Official: 9-72, 11-1598, 24-4412, 10-1264, 32-9706(s), 32-9706, 32-9741, 32-9601, 32-9602, 32-9605, 32-9606, 32-9607, 32-3802, 11-1583
As Passed by Both House and Senate -- Unofficial: 9-72, 11-1583, 11-1598, 24-4412, 32-9706, 32-9741