§ 5570. Dealer Escrow Responsibilities.
25 CA ADC § 5570Barclays Official California Code of Regulations
Barclays California Code of Regulations
Title 25. Housing and Community Development
Division 1. Housing and Community Development
Chapter 5. Registration and Titling of Manufactured Homes, Mobilehomes, Multifamily Manufactured Home, Commercial Modular, Truck Campers, and Floating Homes
Article 7. Dealer Sale Requirements
25 CCR § 5570
§ 5570. Dealer Escrow Responsibilities.
(a) A dealer shall open an escrow account for all sales transactions involving a manufactured home, mobilehome, or multi-unit manufactured housing, as specified in Section 18035 or 18035.2 of the Health and Safety Code. A dealer may authorize the escrow agent to act on its behalf to register and title the unit; however, the dealer remains responsible for the acts or omissions of its agent.
(b) In the event that the escrow agent submits an incomplete and/or untimely application for registration, the dealer shall be solely responsible for payment of administrative service fees, as specified in Section 18123.5 of the Health and Safety Code, and any penalties which accrue due to the late reporting, as specified in Sections 18114 and 18116 of the Health and Safety Code, and subsection 5660(c) of this chapter.
Credits
Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Sections 18035, 18035.2, 18059, 18080.5, 18114, 18116 and 18123.5, Health and Safety Code.
History
1. New article 7 (sections 5570-5579) and section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 25, § 5570, 25 CA ADC § 5570
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