Dodd-Frank Act and Seller Financing of Manufactured Homes

[Robert M Erickson]

Hi All!

I recently became involved in the mobile home park industry with a new partner who has been doing it for a few years. As we are fixing up the parks and selling manufactured homes in spaces, we have been using seller financing since traditional financing is very difficult and expensive for the buyers. Seller financing helps us sell the homes much faster. 

In doing these seller financing loans, do we need to be compliant with the Dodd-Frank Act?  

If so, does anyone have a package or know what is needed to be compliant?

Thanks in advance!