Section 5521 - Registration of a New Commercial Modular(a) A California licensed dealer shall register with the department each new commercial modular sold, rented, leased, leased with an option to buy, or transferred by any other means by the dealer and not installed as a real property unit, within 10 days after the date of sale or lease. The application for registration shall meet the requirements of this section.(b) The dealer shall complete and submit to the department a form HCD 480.2, Dealer Report of Sale or Lease, New Commercial Modular, which meets the requirements of Section 5575.(c) The dealer shall submit an original copy of form HCD 483.0, the MCO, which meets the requirements of Section 5560, completed to reflect the release of security interest in the commercial modular by the inventory creditor or lienholder. The inventory creditor or lienholder shall release its security interest by signing where designated on the form. In lieu of the release by the inventory creditor, one of the following may be submitted:(1) a written acknowledgment from the inventory creditor which meets the requirements of subsection 5581(a)(2), indicating that its security interest in the unit described on the MCO has been satisfied; or(2) a statement of conditional lien release which meets the requirements of subsection 5581(a)(3).(d) For each legal owner and junior lienholder to be recorded, the dealer shall submit the information about the legal owner and junior lienholder required by the dealer report of sale submitted pursuant to subdivision 5521(b).(e) The dealer shall also submit the following fees:(1) all fees and penalties due and payable pursuant to Sections 18114, 18115, and 18116 of the Health and Safety Code;(2) for each legal owner and junior lienholder to be recorded, the lien registration service fee required by subsection 5660(m);(3) administrative service fees, if applicable, as specified in Section 18123.5 of the Health and Safety Code; and(4) the dealer report of sale filing fee, as required by subsection 5040(j), Title 25, Division 1, Chapter 4.Cal. Code Regs. Tit. 25, § 5521
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).
2. Change without regulatory effect amending section heading, subsections (a), (b) and (c) and NOTE filed 7-6-2007 pursuant to section 100, title 1, California Code of Regulations (Register 2007, No. 27). Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Sections 18001.8, 18075.5, 18080.5, 18085, 18114, 18115, 18116 and 18123.5, Health and Safety Code.
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).
2. Change without regulatory effect amending section heading, subsections (a), (b) and (c) andNote filed 7-6-2007 pursuant to section 100, title 1, California Code of Regulations (Register 2007, No. 27).