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Act Now to Preserve Consumer Protections for Buyers of Manufactured Homes!

By Merrit Gillard on 03/29/2017 @ 10:00 AM

Tags: Federal Policy, Housing and Homeownership

A bill recently introduced in Congress would roll back some basic consumer protections for buyers of manufactured homes. That's right: the Preserving Access to Manufactured Housing Act, H.R. 1699, has been resurrected once again—putting vulnerable homebuyers at risk.

Take action now!

Tell your Representative to oppose the Preserving Access to Manufactured Housing Act. Here's how:

  • Call 202.224.3121 and ask to be connected to your Representative's office. If you don't know who your Representative is, find out here.
  • Once you're connected, here's what to say:

My name is [your name] from [your city and state], and I’m calling to request that you oppose H.R. 1699, the Preserving Access to Manufactured Housing Act. This bill would roll back critical consumer protections for buyers of manufactured homes and would once again expose vulnerable homebuyers to predatory, high-cost loans that put them at risk of losing their homes.

Why does H.R. 1699 matter? Before the Dodd-Frank Act, chattel lending—which is used to finance most manufactured homes—was largely unregulated. Interest rates on chattel loans were high, as were default rates. Dodd-Frank gave the Consumer Financial Protection Bureau (CFPB) authority to regulate chattel loans; now, many of the same laws and regulations that govern mortgage lending also apply to chattel lending. The law already provides a few exemptions for manufactured home dealers and lenders, but H.R. 1699 would harm vulnerable individuals and families by stripping away needed protections.

Find out more about this bill and read the letter that CFED and consumers groups signed in opposition to the 2015 version.

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