CA AB2026

Presume purchaser has financial ability to pay if approved for a loan to purchase the mobilehome, or if demonstrating sufficient monthly income meeting or exceeding the income standard established by management.

Prohibit income standard from exceeding a multiplier of 3 times the purchaser's income over projected housing-related expenses for the mobilehome tenancy.

Prohibit management from withholding approval solely because purchaser owns another mobilehome or real property, or from requiring the purchased mobilehome be the sole residence.

Require management to provide prospective purchasers with a list of required information and copy of written procedures, standards, and minimum income standards used to evaluate applications.

Require management to provide written rejection reasons with reference to applicable standards, and allow denied applicants to request a meeting within 5 business days for management reconsideration with any additional relevant information.