19A NCAC 03D .0229      CORP. SURETY BONDS: MOBILE MANUFACTURED HOME DEALERS

A person, business or entity who is engaged in the business of selling mobile or manufactured home, as defined in G.S. 143-143.9, and who also sells motor vehicles in connection to this business, shall either:

(1)           furnish to the Division a corporate surety bond, cash bond, or fixed equivalent thereof pursuant to G.S. 20‑288(e); or

(2)           furnish to the Division a copy of the bond that the dealer has furnished to the North Carolina Manufactured Housing Board, pursuant to G.S. 143-143.12.

History Note:        Authority G.S. 20-288(e); 20-302;

Eff. June 1, 1988;

Amended Eff. January 1, 1994;

Readopted Eff. September 1, 2021.