Industry News
January 17, 2012
National Conference of Commissioners on Uniform State Laws Look at Mobilehome Characterization
Uncertainty about whether a manufactured home is characterized as “personal” or “real” property will be addressed when an NCCUSL Committee drafts an act on manufactured housing. The draft will address at least the following issues: the appropriate characterization of manufactured housing as either personal property or real property, including in particular the point in time at which an interest in manufactured housing converts from a personal property interest to a real property interest; whether the fact that manufactured housing is located on leased land affects that characterization; the continued priority and appropriate characterization of security interests in manufactured housing after conversion; and appropriate transition provisions.
