[Code of Federal Regulations]
[Title 38, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 38CFR36.4231]

[Page 567]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
          CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS (CONTINUED)
 
PART 36--LOAN GUARANTY--Table of Contents
 
Sec. 36.4231  Warranty requirements.

    (a) When a new manufactured home purchased with financing guaranteed 
under 38 U.S.C. 3712 is delivered to the veteran-borrower he or she will 
be supplied a written warranty by the manufacturer in the form and 
content prescribed by the Secretary. Such warranty shall be in addition 
to, and not in derogation of, all other rights and privileges which such 
purchaser or owner may have under any other law or instrument, and the 
warranty instrument will so provide. No evidence of guaranty shall be 
issued by the Secretary unless a copy of such warranty duly receipted by 
the purchaser is submitted with the loan papers.
    (b) Any manufactured housing unit properly displaying a 
certification of conformity to all applicable Federal manufactured home 
construction and safety standards pursuant to 42 U.S.C. 5415 shall be 
acceptable as security for a VA guaranteed loan.


(Authority: 38 U.S.C. 3712)

    (c) When a used manufactured home is purchased from a manufactured 
home dealer with financing guaranteed under 38 U.S.C. 3712 the veteran-
borrower must be supplied with a written warranty by the manufactured 
home dealer in the form and content prescribed by the Secretary. Such 
warranty shall be in addition to, and not in derogation of, all other 
rights and privileges which such purchaser or owner may have under any 
other law or instrument, and the warranty instrument will so provide. No 
evidence of guaranty shall be issued by the Secretary unless a copy of 
such warranty duly receipted by the purchaser is submitted with the loan 
papers.

[48 FR 40229, Sept. 6, 1983, as amended at 60 FR 38259, July 26, 1995]