Form Hud-55014 - Warranty For New Manufactured Home
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1OMB Approval No. 2502-0328
U.S. Department of Housing
Warranty for New
(exp. 10/31/2012)
and Urban Development
Manufactured Home
Office of Housing
Federal Housing Commissioner
Public reporting burden for this collection of information is estimated to average 3 minutes per response, including the time f or reviewing instructions,
searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of info rmation. This agency
may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB cont rol number.
This information is being collected to permit more efficient risk management of the Title I loan portfolio as well as facilitat e claims processing for loan
defaults. The information provides a more comprehensive basis for evaluating Title I lender underwriting practices and thereby
improving risk management
of the loan portfolio and also enhances management’s ability to determine appropriate policy changes affecting the Title I port
folio as a whole. Responses
are required in order to obtain benefits. No assurance of confidentiality is provided.
Name & Address of Manufacturer
Names of Borrowers
Model Name & Number
Model Year
Name & Address of Dealer
Manufacturer's Serial Number
Length
Width
Color
Date of Delivery to Borrower
To induce the Secretary of Housing and Urban Development to insure a loan under Title I of the National Housing Act for the purchase
of the new manufactured home identified above, and to induce the borrowers to purchase said manufactured home, the manufacturer of
said home does hereby warrant to the borrowers, and to their heirs and assigns, that:
1. The manufactured home identified above has been constructed in compliance with the manufactured home standards prescribed by
the Secretary in accordance with the National Manufactured Housing Construction and Safety Standards Act of 1974, 42 U.S.C. 5401
et. seq., as evidenced by a label or tag affixed to the manufactured home, and is free from defects in materials and workmanship.
2. The manufacturer will take appropriate action to correct any nonconformity with the Federal manufactured home standards or any
defects in materials or workmanship that become evident within one year after the date of delivery of the manufactured home,
provided that the borrowers or their heirs or assigns give written notice to the manufacturer not later than one year and ten days after
the date of delivery of the home. However, the manufacturer shall not be obligated to correct defects or conditions that occur as a
result of abnormal use or the lack of proper maintenance of the manufactured home.
3. This warranty shall be in addition to, and not in derogation of, all other rights and privileges that the borrowers may have under any
other law or instrument during the one-year warranty period and thereafter.
4. The borrowers shall not be required to execute a waiver of any warranty rights under the laws of the State where the manufactured
home is situated.
5. This warranty is provided by the manufacturer at no cost to the borrowers.
6. The effective date of this warranty is the date of delivery of the manufactured home to the borrowers, regardless of when the warranty
is executed by the manufacturer or furnished to the borrowers.
In testimony whereof, the manufacturer has signed and sealed this warranty this _________ day of ____________ , 20____ .
By _________________________________________________________________
Title _______________________________________________________________
Notice to Borrowers:
To exercise your rights under this warranty, you must notify the manufacturer of any nonconformity with the
Federal manufactured home standards or any defects in materials or workmanship that become evident within one year after the date
of delivery of the home. This notice must be in writing and must be provided to the manufacturer at the address indicated above not later
than one year and ten days after the date of delivery of the home. This warranty gives you specific legal rights. You may also have other
rights that vary from State to State.
Receipt of this warranty is acknowledged by the borrowers this ________ day of ____________________________ , 20 ______.
1st Borrower's Signature
2nd Borrower's Signature
X
X
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 10
10, 1012; 31 U.S.C. 3729, 3802)
form HUD-55014 (06/2003)
Previous editions are obsolete.
1 copy each to: Borrower; Lender; Dealer; Manufacturer
ref. Handbook 1060.2
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