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d. Running Gear (09/14/2015)
i. Definition
Running Gear refers to a mechanical system designed to allow the Manufactured Housing unit to be towed over public roads.
ii. Standard
The towing hitch and Running Gear must be removed.
iii. Required Analysis and Reporting
The Appraiser must notify the Mortgagee and report deficiency of MPR or MPS if the Running Gear or towing hitch are still attached to the Manufactured Housing unit.
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II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT D. Appraiser and Property Requirements for Title II Forward and Reverse Mortgages
5. Property Acceptability Criteria for Manufactured Housing for Title II Insured Mortgages