TITLE 55

PROPERTY IN GENERAL

CHAPTER 20

MANUFACTURED HOME RESIDENCY ACT

55-2009F.  disposition of proceeds. (1) The proceeds of a lien sale shall be disbursed as follows:

(a)  To discharge the lien; then to actual costs of selling the property. The cost of selling shall be the actual cost, not to exceed two hundred dollars ($200), for each abandoned home;

(b)  The balance, if any, shall be forwarded to the department within five (5) days of the sale for payment to the legal owner of any unpaid obligation or for deposit in the abandoned vehicle trust account.

(2)  Any person claiming an interest in the abandoned home may file a claim with the department for any portion of the funds from the lien sale that were forwarded to the department. Upon determination by the department that the claimant is entitled to some amount, the department shall pay an amount that in no case shall exceed the amount forwarded to the department in connection with the sale of the abandoned home. The department shall not honor any claim not filed within two (2) years of the sale.

History:

[55-2009F, added 2011, ch. 184, sec. 15, p. 530.]