(xi) A retailer of manufactured homes or an employee
of the retailer if the retailer or employee, as
applicable:
(A) Does not receive compensation or gain for
engaging in activities described in paragraph (1)
that is in excess of any compensation or gain
received in a comparable cash transaction.
(B) Discloses all the following to the consumer:
(I) In writing, any corporate affiliation
with any mortgage lender.
(II) If the retailer has a corporate
affiliation with any mortgage lender, at least
one unaffiliated mortgage lender.
(C) Does not directly negotiate with the
consumer or mortgage lender on loan terms, including
rates, fees and other costs.
(D) Does not represent to the public, through
advertising or other means of communicating or
providing information, including the use of business
cards, stationery, brochures, signs, rate lists or
other promotional items, that the individual can or
will perform the activities described in paragraph
(1)(i) and (ii).
* * *
Section 2. This act shall take effect in 60 days.
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