3 Colo. Code Regs. § 714-1-L-2
Current through Register Vol. 47, No. 20, October 25, 2024
Section 3 CCR 714-1-L-2 - DEALER PURCHASE AGREEMENTS, NEW AND USED (DEALER OWNED HOMES)When a dealer is the seller of a new or used home, the following items shall appear in each written purchase agreement or as an attachment thereto:
a. The date of the agreement to purchase.b. A description of the manufactured home that is sold and purchased including make, year, serial number and size. In case of a factory order the letters "F.O." will be used in lieu of the serial number.c. The name and address of the licensee.d. The name and address of the purchaser.e. The sales price, together with itemization of all charges to the purchaser affecting or adjusting the price including but not limited to the following conditions: Whether the cost of the following items are included in the selling price- delivery to site, set-up including blocks and leveling, heat tape, steps, tie downs, sewer hookup and electrical connections, and the inclusion of wheels, tires and axles.f. The down payment made on the manufactured home and the terms and conditions of the trade-in agreements, if any.g. Whether the purchase is contingent upon any items, including financing, and if purchase is subject to obtaining space in a manufactured home community, and if so, the express terms of said contingency(ies).h. Whether the manufactured home is new or used.i. Every page of the purchase agreement and any exhibits or attachments thereto must be signed or initialled by the purchaser and dealer. Any change in the purchase agreement must be signed or initialed in the same manner. In the case of a deletion, the original item must be struck through with a single line.j. When earnest money or a down payment has been made at the time of signing of the purchase agreement, the conditions under which such monies or down payment will be refundable when any contractual contingency is not met. When the dealer is obtaining the loan committment, the dealer must specifically state a given date by which such loan committment is to be obtained.