Purpose

Purpose The purpose of this Regulation is to ensure that manufacturers, modular contractors, developers, retailers and transporters or installers of Factory-Built homes and/modular homes are adequately bonded and insured to provide consumers with a means to recoup losses where a manufacturer, modular contractor, developer, retailer and transporter or installer of Factory-Built homes and/or modular homes has gone out of business or has failed to meet their legal or regulatory responsibility to the consumer.