Community-Based Dealer Licenses to be available by year’s end
In an effort to address substantive changes in the way a majority of manufactured homes are currently marketed and sold IMHA, in cooperation with the Illinois Secretary of State, sought to create a separate category of dealer licensing for Community-Based home dealers to take into account the many unique requirements of selling homes inside communities. The result of these efforts became Public Act 99-593 when signed into law by the Governor late last week. The promulgation of administrative rules detailing the working of the license program may take several months.
Community owners, or entities, who sell homes in one or more community settings should be able to apply for the new community-based dealer licenses prior to the scheduled renewal of their existing license. New license applications should begin being processed by the Dealer Licensing Division by year’s end. All dealer licenses expire December 31st each year.
According to the Act a “community-based dealer” is any person engaged in the business of selling, on consignment or otherwise, any one (1) new or any five (5) or more used manufactured homes during the year located in a community setting but who does not act as an intermediary, agent or broker for any manufacturer.
All existing requirements for compliance with sales tax, finance, consumer protections, bonding and other applicable regulations remain in effect under the new law.
