Plain English Breakdown
The effective date is listed as a purpose of the bill but no specific calendar date was found in the provided metadata or summary.
HB377: Changes to Rules for Manufactured Homes
This bill changes Georgia laws about when a manufactured home becomes real property and sets new rules for protecting the rights of lenders.
What This Bill Does
- Provides limited exceptions to situations where a manufactured home is treated as real estate instead of personal property.
- Preserves legal rights and remedies for people who held liens or security interests in certain manufactured homes before this law takes effect.
- Sets new requirements for giving notice and submitting applications related to these changes.
- Repeals existing laws that conflict with the new provisions.
Who It Names or Affects
- Owners of manufactured or mobile homes
- Lenders who hold liens or security interests on manufactured homes
Limits and Unknowns
- The specific details of the 'limited exceptions' for when homes become real property are not described in this summary.
- The exact steps required for notice and applications are not detailed in the provided text.
- An effective date is mentioned as a purpose but no specific calendar date is listed in the source material.