Manufactured-home transaction Law and Legal Definition
A manufactured-home transaction is a type of secured transaction which creates security interest in a manufactured home. A manufactured-home is used as primary security in a secured transaction. But a security interest will not vest in a manufactured-home if such home is held as an inventory.
The following is an example of federal statute defining manufactured-home transaction:
According to U.C.C. § 9-102 (54), a manufactured-home transaction means a secured transaction:
(A) that creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or
(B) in which a manufactured home, other than a manufactured home held as inventory, is the primary collateral.
Legal Definition list
- Manufactured Home Purchase Loan [HUD]
- Manufactured Home Lot Loan [HUD]
- Manufactured Home Loan [HUD]
- Manufactured Home Improvement Loan [HUD]
- Manufactured Home
- Manufactured-home transaction
- Manufacturer (Gaming Law)
- Manufacturer of a Covered Drug, Device, Biological, or Medical Supply
- Manufacturer's Duty of Care
- Manufacturer's Invoice [HUD]
- Manufacturer's Lien
Related Legal Terms
- ABC Transaction [Oil & Gas]
- Agency Transaction (Securities)
- Alternative Mortgage Transaction [Banks & Banking]
- Arms Length Transaction
- Asset Exchange or Conversion Transaction
- Automated Transaction
- Basket Transactions
- Bona Fide Hedging Transactions and Positions
- Colorable Transaction
- Commodity Option Transaction
