603.03

Code Standards

Requirements

You must:

  • determine if all Manufactured Homes Manufactured HomesFactory-built home complying with the Manufactured Home HUD Code. in the MH Community MH CommunityResidential real estate development with lots on which manufactured homes are located, together with amenities, utility services, landscaping, roads, and other infrastructure. meet the requirements of the Manufactured Home HUD Code Manufactured Home HUD CodeNational Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code) (42 USC 5401 et seq) and the Manufactured Home Construction and Safety Standards (24 CFR Part 3280), as amended. ; and 
  • ensure the Loan Documents Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. require Borrower BorrowerPerson who is the obligor per the Note. certification that no additional Manufactured Homes Manufactured HomesFactory-built home complying with the Manufactured Home HUD Code. predating the Manufactured Home HUD Code Manufactured Home HUD CodeNational Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code) (42 USC 5401 et seq) and the Manufactured Home Construction and Safety Standards (24 CFR Part 3280), as amended. will be added to the MH Community MH CommunityResidential real estate development with lots on which manufactured homes are located, together with amenities, utility services, landscaping, roads, and other infrastructure. during the Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 term.

Guidance

Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! may allow Manufactured Homes Manufactured HomesFactory-built home complying with the Manufactured Home HUD Code. predating the Manufactured Home HUD Code Manufactured Home HUD CodeNational Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code) (42 USC 5401 et seq) and the Manufactured Home Construction and Safety Standards (24 CFR Part 3280), as amended. if

  • they are Borrower BorrowerPerson who is the obligor per the Note. -owned Manufactured Homes Manufactured HomesFactory-built home complying with the Manufactured Home HUD Code. or Affiliate-Owned Homes Affiliate-Owned HomesManufactured Home or park model home located on an MH Site that is owned by an Affiliate of the Borrower.  that comply with local codes with no identified life safety issues, and
  • you document the number of Manufactured Homes Manufactured HomesFactory-built home complying with the Manufactured Home HUD Code. predating the Manufactured Home HUD Code Manufactured Home HUD CodeNational Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code) (42 USC 5401 et seq) and the Manufactured Home Construction and Safety Standards (24 CFR Part 3280), as amended. . 

Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! may allow rental units that do not comply with the Manufactured Home HUD Code Manufactured Home HUD CodeNational Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code) (42 USC 5401 et seq) and the Manufactured Home Construction and Safety Standards (24 CFR Part 3280), as amended. (e.g., certain park model recreational vehicles) if the rental income is included as commercial income in  Part III, Chapter 6: Manufactured Housing Communities, Section 606: Property Income and Underwritten NCF .