President Trump has signed S. 2155 , the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” into law! This law contains a provision clarifying that persons selling manufactured homes will not be considered “loan originators” for simply helping a customer during the loan process, provided that they are not compensated for the loan. The upshot is that this modest change will make it much easier for retailers (both in-park and street retailers) to work with customers during the purchasing process.
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