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b. Standard (09/14/2015)
The Appraiser must notify the Mortgagee and report a deficiency of MPR or MPS if a Manufactured Home does not comply with the following:
• have a floor area of not less than 400 square feet;
• was constructed on or after June 15, 1976, in conformance with the federal MHCSS, as evidenced by an affixed HUD Certification Label in accordance with 24 CFR § 3280.11 (Manufactured Homes produced prior to that date are ineligible for insured financing) ;
• the Manufactured Home and site exist together as a real estate entity in accordance with state law (but need not be treated as real estate for taxation purposes);
• was moved from the factory or dealer directly to the site;
• was designed to be used as a dwelling with a permanent foundation built to comply with the PFGMH;
• the finished grade elevation beneath the Manufactured Home or, if a basement is used, the grade beneath the basement floor is at or above the 100-year return frequency flood elevation;
• the Structure is designed for occupancy as a Principal Residence by a single family; or
• the lease meets the requirements of Valuation of Leasehold Interest.