Answers Verified 100% Correct
If a dealer alters a manufactured/mobile home which takes it out of compliance
with the federal standards and then sell it, the dealer:
A. Has violated the federal regulations
B. May be fined $1000.00 for each violation
C. Is liable to the federal government for Civil Penalties
D. Is subject to all the above - ANSWER -D. Is subject to all the above
Alterations to the structural, mechanical, plumbing, or electrical systems of a
manufactured/mobile home bearing a HUD label must first be approved by:
A. HCD
B. The manufacturer
C. Both B and D
D. HUD - ANSWER -A. HCD
New manufactured/mobile homes may be altered by dealers:
A. In order to comply with local ordinances or regulations which are more
stringent than the state's requirements
B. If approved by the city or county having jurisdiction
C. If approved by the purchaser
D. If approved by HCD first - ANSWER -D. If approved by HCD first
The manufacturer is required to affix a label to each manufactured/mobile home
which includes:
A. The make, model, serial number, name location of dealer where it is being
delivered and the suggested retail price
B. The design speeds, limitations, and other information pertinent to the unit's
transportation
C. The estimated energy requirements needed to heat or cool the unit
D. All the above - ANSWER -A. The make, model, serial number, name location
of dealer where it is being delivered and the suggested retail price
Removal of the manufacturer's label, as required, is prohibited, except by:
,A. The dealer
B. The retail purchaser
C. The installer
D. The inspecting authority - ANSWER -B. The retail purchaser
Which of the following are required to be deposited by the dealer into an escrow
account which are received toward the purchase of a manufactured/mobile home?
A. Cash, checks, money orders, bank drafts
B. Promissory notes, bills of sale or certificates of ownership
C. Assignments of proceeds, contracts, rights or other negotiable interest
D. All the above - ANSWER -D. All the above
An escrow account shall be opened when the contract of sale, purchase order, or
other document evidencing the sale of a manufactured/mobile home is signed by:
A. dealers, upon receipt of cash only toward the purchase of new or used units
B. dealers of new or used units upon mutual endorsement of purchase documents,
receipts for deposit for any cash or cash equivalent received at any time prior to
close of escrow
C. resale dealers, upon the receipt of cash for the purchase of a resale unit
D. new dealer upon receipt of cash for the purchase of a new unit prior to delivery
- ANSWER -B. Dealers of new or used units upon mutual endorsement of
purchase documents, receipts for deposit for any cash or cash equivalent received
at any time prior to close of escrow
Any cash or cash equivalent received toward the purchase of a
manufactured/mobile home is required to be deposited into escrow when received
for:
A. down payments for the purchase of the unit
B. deposits toward the purchase of the unit
C. payments for accessories included in the purchase of a unit
D. All the above - ANSWER -D. All the above
After installation of a manufactured/mobile home in a mobile home park which of
the following is required to initiate disbursement of funds from escrow:
, A. written confirmation the unit has been installed and acceptance signed by park
management
B. a written confirmation signed by the dealer that the unit has been delivered to
the purchaser who is free to occupy
C. written confirmation signed by the dealer that the unit has been delivered to the
purchaser in accordance with the agreements and the purchaser is free to occupy
the unit, along with the installation acceptance issued by the agency in authority
D. a copy of the installation acceptance by the public agency in authority -
ANSWER -C. written confirmation signed by the dealer that the unit has been
delivered to the purchaser in accordance with the agreements and the purchaser is
free to occupy the unit, along with the installation acceptance issued by the agency
in authority
From the information provided by the dealer, the escrow agent shall prepare
escrow instructions which:
A. must be signed by both the buy of a new or used unit and the dealer
B. must close on the date specified by the dealer and buyer unless amended
otherwise
C. provides that the escrow agent retains the original with copies going to the
buyer and dealer
D. all the above are correct - ANSWER -D. all the above are correct
When an escrow agent receives notice of a dispute between the parties to an
escrow, the agent must hold all funds designated as a deposit until:
A. the buyer notifies the agent of the cancellation of the sale and demands the
return of his money
B. all other funds held in escrow are returned to the respective persons except the
dealer
C. the agent receives a release assignment from the disputing party or an
assignment by Court of Law
D. the dealer notifies escrow of the cancellation of the sale submits a written
demand on escrow for the deposit - ANSWER -C. the agent receives a release
assignment from the disputing party or an assignment by Court of Law
The escrow instructions must identify the fixed amounts of deposit, down
payment, and balance due consistent with:
A. the purchase documents and receipt for deposit