Section 1201.460 - Compliance Not Required for Lienholder(a) A holder of a lien recorded on the statement of ownership of a manufactured home that has not been converted to real property who sells or exchanges a repossessed manufactured home covered by that statement of ownership is not required to comply with this chapter if the sale or exchange is: (1) to or through a licensed retailer; or(2) to a purchaser for the purchaser's business use or another nonresidential use.(b) If the sale or exchange of the repossessed manufactured home is to or through a licensed retailer, the retailer is responsible and liable for compliance with this chapter and department rules. The lienholder may not be joined as a party in any litigation relating to the sale or exchange of the home.(c) If the sale or exchange of the repossessed manufactured home is to a purchaser for the purchaser's business use or another nonresidential use, the lienholder shall apply to the department for the issuance of a new statement of ownership indicating that the home is reserved for a business use or another nonresidential use.Tex. Occ. Code § 1201.460
Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 408,Sec. 65, eff. 9/1/2017.Amended by Acts 2003, 78th Leg., ch. 338, Sec. 34, eff. 6/18/2003.Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. 6/1/2003.