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Legacy also directly sells homes through 13 retail stores and funds loans for their homes. Legacy Housing was founded in 2005 by Curtis Drew Hodgson (Chairman of the Board) and Kenneth E. Shipley (President and CEO) as Legacy Housing, Ltd. [ 2 ] It is traded on NASDAQ as LEGH, after an IPO on December 14, 2018.
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect."
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The MHI hosts trade conferences, coordinates lobbying before the United States Congress and state legislatures on issues relating to manufactured housing, [1] [2] compiles and publishes data relating to industry sales [3] and provides marketing and public relations support to raise the awareness of manufactured housing. [4] [5]
Mobile homes are designed and constructed to be transportable by road in one or two sections. Mobile homes are no larger than 20 m × 6.8 m (65 ft 7 in × 22 ft 4 in) with an internal maximum height of 3.05 m (10 ft 0 in). Legally, mobile homes can still be defined as "caravans".
Those actions include attaching to the bond (not all states require dealers to have bonds), repossessing the collateral, and other collection efforts. Dealers of recreational vehicles, boats, major appliances, and manufactured/mobile homes may also use floor planning for all or part of their inventories.