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Bill

S 7120

Relates to manufactured homes certificate of title and the conveyance and encumbrance of manufactured homes as real property

2025 Regular Session Introduced by Pam Helming and 2 co-sponsors

Bill S 7120 simplifies the process for transferring and financing manufactured homes, treating them like real property, benefiting homeowners and lenders alike.

RETURNED TO SENATE
0
WeVote Research Nonpartisan
Bill Summary · S 7120

Summary of Bill S 7120

Bill Overview

  • Bill Number: S 7120
  • Title: Relates to manufactured homes certificate of title and the conveyance and encumbrance of manufactured homes as real property
  • Status: Returned to Senate
  • Introduced: April 01, 2025
  • Classification: Bill

Purpose and Intent

Bill S 7120 aims to clarify and streamline the process for the conveyance and encumbrance of manufactured homes, treating them more like real property. This legislation is intended to enhance the legal framework surrounding manufactured homes, making it easier for owners to transfer titles and secure financing against their homes.

Key Provisions

  • Certificate of Title: The bill proposes changes to how certificates of title for manufactured homes are issued and managed, ensuring that they align more closely with real property laws.
  • Conveyance Process: It outlines a standardized process for the transfer of ownership of manufactured homes, which includes the necessary documentation and procedures to be followed.
  • Encumbrance: The bill allows manufactured homes to be encumbered in a manner similar to real property, enabling homeowners to leverage their homes for loans or mortgages.
  • Legal Clarity: It seeks to provide clearer definitions and legal standards for manufactured homes, reducing ambiguity in ownership and financing.

Impact

  • Homeowners: The legislation would benefit manufactured home owners by simplifying the process of buying, selling, and financing their homes.
  • Lenders: Financial institutions would have a clearer framework for lending against manufactured homes, potentially increasing access to credit for homeowners.
  • Manufactured Home Industry: The bill could stimulate the manufactured home market by making transactions more straightforward and legally sound.

Legislative Actions

  • 2025-06-11: Substituted for A7512, ordered to third reading, and passed in the Assembly before being returned to the Senate.
  • 2025-05-06: Passed in the Senate and delivered to the Assembly.
  • 2025-05-01: Advanced to third reading in the Senate.
  • 2025-04-01: Initially referred to the Transportation Committee.

Related Bills

  • S 7042: A prior-session bill that may have addressed similar issues.
  • S 101: Another prior-session bill relevant to manufactured homes.
  • A 7512: A companion bill that aligns with the objectives of S 7120.

Conclusion

Bill S 7120 represents a significant step towards modernizing the legal treatment of manufactured homes, aligning their status more closely with traditional real estate. By enhancing the processes for title management and ownership transfer, the bill aims to provide greater security and flexibility for homeowners and lenders alike.

Compiled from official sources — confirm details with the bill’s official record.

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