MN HF2967

Allows manufactured home owners in cooperative parks to surrender the manufacturer's certificate of origin or title to the state, converting the home from personal property to real property.

Requires owners to file an affidavit of affixation with the county recorder or registrar of titles that includes home details, legal property description, proof of surrendered title, and proof that current property taxes have been paid.

Prevents the state from canceling a certificate of title if a perfected security interest exists on the home; secured parties must release or satisfy their interest before the home can be converted to real property.

Allows recording of a notice of security interest if a lien exists on the home at the time of affixation, which does not encumber the real property but must be released before full conversion to real property.

Amends tax assessment law to clarify that manufactured homes affixed to land owned by a nonprofit corporation or cooperative (where the owner is a member) are assessed as real property improvements, enabling mortgage financing.