What is the primary purpose of the New Mexico Manufactured Housing Act?

The primary purpose of the New Mexico Manufactured Housing Act is to regulate the sale, installation, and financing of manufactured homes in the state. This act provides a framework that ensures the safety, security, and rights of the owners and residents of manufactured homes. It establishes guidelines for how manufactured homes should be sold and installed, which is crucial for maintaining quality standards and protecting consumer interests.

By focusing on regulation, the act addresses important aspects like the licensing of salesperson, the permitting process for installation, and the terms of financing. This creates a standardized approach within the manufactured housing industry, ensuring that all transactions are conducted fairly and transparently. Such regulation is essential for fostering trust among consumers and promoting a stable housing market within the state.

The other options, while they may touch upon aspects of housing, do not accurately reflect the specific scope and intention of the Manufactured Housing Act, which is primarily concerned with the regulations and standards that govern manufactured homes and their associated processes.