Ala. Admin. Code r. 535-X-10-.02

Current through Register Vol. 43, No. 1, October 31, 2024

Section 535-X-10-.02 - Definitions

For purposes of this chapter, unless the context otherwise requires:

(a) The definitions of terms contained in Code of Ala. 1975, §§ 24-5-1 - 24-5-14; 24-5-30 - 24-5-34; 24-6-1 - 24-6-4, and Commission rules and regulations are applicable.

(b) Used Manufactured Homes means any manufactured home which has been previously owned or occupied by a consumer.

(c) Dealer - Dealer means any person engaged in the business of buying and thereafter selling, displaying, or offering for sale manufactured houses.

(d) Assignee - Assignee means any bank, financing institution, or any person purchasing a retail installment contract, which has as security a manufactured home.

(e) Consumer - Any person or firm who has purchased or is purchasing a manufactured home in good faith for purposes other than resale.

Author: Jim Sloan

Ala. Admin. Code r. 535-X-10-.02

Filed August 21, 1987. Amended: Filed November 5, 2003; effective December 10, 2003.

Statutory Authority:Code of Ala. 1975, §§ 24-5-1 - 24-5-14; 24-5-30 - 24-5-34; 24-6-1 - 24-6-4.