Manufactured Housing Practice Test

Which document is required to initiate disbursement of funds from escrow after installing a manufactured/mobile home?

1. Written confirmation that the unit has been installed and accepted by park management

2. A written confirmation signed by the dealer that the unit has been delivered

3. Confirmation from the agency in authority that installation was accepted

4. All of the above

The correct answer is: Confirmation from the agency in authority that installation was accepted

To initiate the disbursement of funds from escrow after the installation of a manufactured or mobile home, it is essential to have confirmation from the relevant authority that the installation has been accepted. This document serves as an official acknowledgment that the installation meets the required standards and regulations set by the governing body that oversees manufactured housing. This confirmation ensures that all aspects of the installation have been thoroughly checked and approved, protecting both the buyer and the lender involved in the transaction. Having this kind of verification is crucial for ensuring compliance with safety standards, zoning laws, and other regulatory requirements that must be met before funds can be safely released to the seller. While other documents, such as written confirmations from park management or the dealer, can support the process, it is the authoritative confirmation that holds the most weight in ensuring all legal and procedural criteria have been satisfied for the disbursement of escrow funds.