§ 39.1. Definitions.
The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:
Inventory financingThe financing of mobile home merchandise for licensed dealers. It is synonymous with wholesale or floor plan financing.
Mobile homeA movable dwelling constructed to be towed on its own chassis and under-carriage with minimum dimensions of 40 feet in length and 10 feet in width, and containing living facilities suitable for year-round occupancy by one family, including permanent provisions for eating, sleeping, cooking and sanitation.
Mobile home chattel paperWritten evidence of both a monetary obligation and a security interest of first priority in one or more mobile homes and in any equipment installed or to be installed therein.
Manufacturers invoice priceA manufacturers itemized charges, shown on the manufacturers invoice, for a specifically identified mobile home, furnishings, equipment and accessories installed by the manufacturer, and freight.
The provisions of this § 39.1 amended April 25, 1980, effective April 26, 1980, 10 Pa.B. 1661. Immediately preceding text appears at serial page (21349).
No part of the information on this site may be reproduced for profit or sold for profit.
This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.