language to be deleted (2) new language
CHAPTER 352-S.F.No. 3354 An act relating to manufactured homes; clarifying the requirements for a limited dealer license; amending Minnesota Statutes 1998, section 327B.04, subdivision 8. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1998, section 327B.04, subdivision 8, is amended to read: Subd. 8. [LIMITED DEALER'S LICENSE.] The commissioner shall issue a limited dealer's license to an owner of a manufactured home park authorizing the licensee as principal only to engage in the sale, offering for sale, soliciting, or advertising the sale of used manufactured homes located in the owned manufactured home park
as principal only. The licensee must be the title holder of the homes and may engage in no more than fiveten sales annually. An owner may, upon payment of the applicable fee and compliance with this subdivision, obtain a separate license for each owned manufactured home park and is entitled to sell up to ten homes per license provided that only one limited dealer license may be issued for each park. The license shall be issued onlyafter: (1) receipt of thean application described in section 327B.04, subdivision 3,on forms provided by the commissioner containing the following information: (i) the identity of the applicant; (ii) the name under which the applicant will be licensed and do business in this state; (iii) the name and address of the owned manufactured home park, including a copy of the park license, serving as the basis for the issuance of the license; and (iv) the name, home, and business address of the applicant; (2) payment of thea $100 annual fee prescribed in section 327B.04, subdivision 7,; and compliance with the license prerequisites contained in section 327B.04, subdivision 4; except that an applicant need only secure(3) provision of a surety bond in the amount of $5,000 , and. A separate surety bond must be provided for each limited license. The applicant need not comply with section 327B.04, subdivision 4, paragraph (e). The holding of a limited dealer's license does not satisfy the requirement contained in section 327B.04, subdivision 4, paragraph (e), for the licensee or salespersons with respect to obtaining a dealer license. The commissioner may, upon application for a renewal of a license, require only a verification that copies of sales documents have been retained and payment of a $100 renewal fee. "Sales documents" mean only the safety feature disclosure form defined in section 327C.07, subdivision 3a, title of the home, financing agreements, and purchase agreements. The commissioner shall adopt rules under sections 14.22 to 14.28 to provide for issuing a limited dealer's license.The license holder shall, upon request of the commissioner, make available for inspection during business hours sales documents required to be retained under this subdivision. Sec. 2. [EFFECTIVE DATE.] Section 1 is effective the day following final enactment. The commissioner must have application forms available and begin accepting license applications within 60 days of the effective date. Presented to the governor April 6, 2000 Signed by the governor April 10, 2000, 2:47 p.m.