COMMERCIAL REGULATIONS: Provides for licensure requirements relative to manufactured housing. (8/1/24) (EN SEE FISC NOTE GF EX See Note)

This bill updates Louisiana laws to set new licensing rules for businesses involved in manufactured housing, including retailers, developers, installers, and transporters. It requires these companies to submit a financial statement showing a minimum net worth of $250,000 or post a surety bond of $50,000 for retailers and developers, while installers and transporters must post a $25,000 bond. Additionally, new applicants for retailer and developer licenses must complete a state-approved training class and pass a test before receiving their license. These measures aim to ensure that individuals and companies operating in this sector meet specific financial and educational standards.