Okla. Admin. Code § 765:35-5-1 - Forms required
(a)
Forms. The following forms shall be required in the sale of a
manufactured home by a manufactured home dealer:
(1) Sales contract, bill of sale or buyer's
order,
(2) Written notice of thirty
(30) day title-transfer requirement and receipt for delivery of certificate of
title to buyer,
(3) Condition of
sale:
(A) warranty, or
(B) service contract, or
(C) warranty disclaimer,
(4) Finance or security agreement, if
applicable, and
(5) Consignment
agreement, if applicable.
(6) A
completed copy of the I-Form from the installer who installed the manufactured
home
(b)
Approval. All forms must be approved by the Commission. The
content and forms to be used shall be filed ten (10) days prior to use, and if
not rejected in ten (10) days from the filing date, the forms will be
conditionally approved.
(c)
Standards. The forms required shall contain substantially the
following information:
(1) Sales contract,
bill of sale, or buyer's order. The sales contract, bill of sale, or buyer's
order shall state the names of the parties, the make, model, tag number and
serial number of the manufactured home subject to the transaction, if
available, a statement of the selling amount, a description of the manufactured
home traded in, if any, and the consideration given therefore, and
(2) Title and tax transfer notice
requirement. It shall be the duty of every person licensed to sell manufactured
homes to advise each purchaser in writing about his title requirements and
payment of any taxes due.
(3) If a
prospective purchaser makes a deposit of anything of value to obtain the option
to complete a purchase (of a manufactured home) in the future, the dealer shall
acknowledge the deposit in writing, the time period for which the option to
purchase is valid, whether the deposit is refundable in whole or in part, and
the conditions, if any under which the deposit may be refunded. The deposit
shall be deemed refundable unless it is clearly stated in writing that the
deposit or a portion thereof is non-refundable.
Notes
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