South Carolina Code of Regulations
Chapter 79 - DEPARTMENT OF LABOR, LICENSING AND REGULATION- MANUFACTURED HOUSING BOARD
Section 79-16 - Handling of Funds
Universal Citation: SC Code Regs 79-16
Current through Register Vol. 48, No. 9, September 27, 2024
A. All monies received by a salesperson or multi-lot salesperson in connection with the sale of a manufactured home shall be immediately delivered to the retail dealer.
B. A salesperson or multi-lot salesperson shall not commingle monies or any other valuables belonging to others which have come into the salesperson's or multi-lot salesperson's possession as a result of the sale of a manufactured home.
C. A retail dealer shall maintain in the retail dealer office a complete record of all monies received as a result of the sale or offer of sale of a manufactured home including:
(1) the amount of deposit/down
payment;
(2) from whom the money
was received;
(3) date or dates of
receipt;
(4) date of
deposit;
(5) make and serial number
of manufactured home involved in the transaction; and
(6) when a transaction has been completed,
whether or not a manufactured home was sold, the final disposition of the
monies, except those monies related to sales commissions and profit by the
dealer.
Disclaimer: These regulations may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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