HB 1078 Summary

• Amends 47 O.S. 2011, Section 583 regarding used motor vehicle dealer licenses and manufactured home dealer regulations.

• Prohibits manufactured home manufacturing facilities from selling, exchanging, or lease-purchasing manufactured homes to any person in Oklahoma who is not a licensed manufactured home dealer.

• Establishes licensing requirements and bond amounts for manufactured home manufacturers ($30,000), dealers ($30,000), installers ($200 initial/$200 renewal), and salespersons ($25 for initial/renewal and transfers).

• Requires manufactured home dealers to maintain $100,000 minimum garage or general liability insurance with products and completed operations coverage.

• Sets penalties for unlicensed operations as misdemeanor violations with fines up to $500 per violation (maximum $1,000) and administrative fines for installer violations.