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MOBILEHOME BILL- 05-01-14 7:00 SG

STATE LEGISLATION THAT WOULD HELP MOBILE-HOME RESIDENTS HAS BEEN APPROVED.    THE BILL, AUTHORED BY ASSEMBLYMAN MARK STONE, AIMS TO APPROVE A MOBILE-HOME OWNER’S ABILITY TO SELL THEIR HOMES.   A-B  2-0-2-6  REQUIRES THE PURCHASER OF A MOBILE-HOME TO BE PRESUMED TO HAVE THE ABILITY TO PAY IF HE OR SHE HAS BEEN APPROVED FOR A LOAN.     THE BILL ALSO REQUIRES MANAGEMENT TO GIVE A SPECIFIC REASON IF THEY DENY A POTENTIAL BUYER.    MOBILE HOMES HAVE PROVIDED AN AFFORDABLE OPTION TO MORE THAN 700-THOUSAND CALIFORNIANS.

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