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SB 41
(Robinson/Staggs): Broadens the definition of "manufactured
home dealer" to require persons to be licensed as dealers
who, for commission, profit, or gain of money, broker the
sale of, exchange interest in, or rent with the option of
purchasing a new or used manufactured home. (These
provisions do not apply to persons selling their own
manufactured home or an auctioneer engaged by a
seller.)
SB 470
(Herbert/Bastin): Requires the Department of Public Safety
to immediately issue a permit to the holder of a perfected
security interest in a manufactured home, who is bonded by
the state, to move the home to a secure location with a
repossession affidavit. A certificate of title may not be
issued prior to furnishing of proof that all ad valorem
taxes have been paid. If the home is subject to vehicle
registration, a repossession may occur after the home is
registered. (NOTE: See SB 564.)
SB 564
(Herbert/Bastin): Modifies provisions relating to taxation
and registration of manufactured homes. As under current
law, for the first year, a manufactured home must be
registered under the Oklahoma Vehicle License and
Registration Act. After the first year, manufactured homes
are subject to ad valorem taxes (as real property if located
on land owned by the owner of the manufactured home; as
personal property if located on land owned by another
person). Manufactured homes must be registered, rather than
subject to ad valorem tax, in any year in which they are to
be moved. Homes may be registered unless a lien has been
filed for delinquent taxes on the home. Registration fees
are apportioned in the same manner as ad valorem taxes.
Notification must be made to the Tax Commission, the
Department of Public Safety, motor license agents and county
assessors when homes are moved, when liens are filed and
released, and when titles are transferred. (NOTE: See
SB 470.) Effective 1/1/98.
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