The Commission shall collect the following assessment fees at the time of submission of initial certification or licensure applications:
1. Installer -- $2,500.00 per location
2. Retailer -- $5,000.00 per location
3. Manufacturer -- $10,000.00 per location
B. Special Assessments
If the balance of the Manufactured Housing Recovery Fund falls below two hundred fifty thousand dollars ($250,000), then the Commission may collect an annual assessment from each manufacturer of manufactured homes in this state, manufacturer of manufactured homes in other states selling manufactured homes in this state, and installers and retailers. The annual assessment shall continue until such time as the fund is restored to a minimum level of two hundred fifty thousand dollars ($250,000).
Such annual assessments collected shall not exceed the following amounts:
1. Installer -- $500.00 per location
2. Retailer -- $1,000.00 per location
3. Manufacturer -- $3,000.00 per location
C. Refund
1. Any participant shall receive a refund of its initial assessment after a two (2) year waiting period after it ceases operation of its business in this State provided there are no claims pending against such participant, provided:
(a) The participant shall notify the Arkansas Manufactured Home Commission by certified mail within forty-five (45) days after the two (2) year waiting period and request the refund or the assessment fee shall be forfeited; and,
(b) The two (2) year waiting period shall begin on the participant's next certification or licensing anniversary date after the participant ceases operation of its business in this state.
2. If the participant fails to satisfy the provisions found in B(1)(A) and (B), the assessment fee shall remain in the Manufactured Housing Recovery Fund.
3. No interest will accrue to the benefit of such participant.
Credits
Amended Oct. 20, 2013; Aug. 19, 2016; Jan. 29, 2017; Aug. 17, 2020.
Current with amendments received through May 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 235.02.1-500, AR ADC 235.02.1-500
