NC S522

Removes requirement that manufactured home purchase agreements include estimated financing terms (interest rate, loan duration, and monthly payment).

Defines "initial deposit" as money paid to the dealer before midnight of the third business day after the buyer signs the purchase agreement.

Requires dealers to provide a separate "Notice of Right of Cancellation" form at the time of initial deposit, explaining the buyer's three-day cancellation right and limiting buyers to one notice and one refund per transaction.

Eliminates automatic contract cancellation if the dealer changes material terms; removes additional three-day cancellation periods triggered by new financing offers.

Allows buyers and dealers to negotiate deposit refund terms by contract, including full refund provisions, when cancellation occurs after the three-day period but before sale completion.