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At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the "Red Flags" Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.

The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the Commission and other agencies to develop regulations requiring "creditors" and "financial institutions" to address the risk of identity theft. The resulting Red Flags Rule requires all such entities that have "covered accounts" to develop and implement written identity theft prevention programs to help identify, detect, and respond to patterns, practices, or specific activities - known as "red flags" - that could indicate identity theft. MHI believes the rule applies to retail sales centers and land-lease communities with home sales operations.

The Commission previously delayed the enforcement of the Rule for entities under its jurisdiction until November 1, 2009. The Commission staff has continued to provide guidance to entities within its jurisdiction, both through materials posted on the dedicated Red Flags Rule Web site (www.ftc.gov/redflagsrule), and in speeches and participation in seminars, conferences and other training events to numerous groups. The Commission also published a compliance guide for business, and created a template that enables low risk entities to create an identity theft program with an easy-to-use online form. FTC staff has published numerous general and industry-specific articles, released a video explaining the Rule, and continues to respond to inquiries from the public. To assist further with compliance, FTC staff has worked with a number of trade associations that have chosen to develop model policies or specialized guidance for their members.

On October 30, 2009, the U.S. District Court for the District of Columbia ruled that the FTC may not apply the Red Flags Rule to attorneys. Today's announcement that the Commission will delay enforcement of the Rule until June 1, 2010, does not affect the separate timeline of that proceeding and any possible appeals. Nor does it affect other federal agencies' ongoing enforcement for financial institutions and creditors subject to their oversight.

Manufactured Housing Institute
2101 Wilson Blvd., Suite 610, Arlington, VA 22201-3040
Tel: (703) 558-0400

Source: MHI Newswire

Daily Business News Briefs

3D Printer Cranks out Ten Homes in One Day

3D Printer Cranks out Ten Homes in One Day

A private Chinese company has built ten stand alone homes in 24 hours, using a huge 3Dprinter and construction waste mixed with cement, according to gizmag.com. Suzhou-based construction materials firm Winsun creates cement/glass panels in a central factory and ships them to the site for assembly. MHProNews.com has learned the print pattern leaves...

24 Apr 2014

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Conservative Coalition Opposes Senate Housing Reform Measure

Conservative Coalition Opposes Senate Housing Reform Measure

A coalition of over two dozen conservative groups has sent a letter to the Senate Banking Committee urging members to oppose the Johnson-Crapo housing finance reform bill because they say the measure would lead to more government intervention in the mortgage market, increasing moral hazard and taxpayer risk. As nationalmortgagenews.com tells...

24 Apr 2014

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Skyline Rises, Dow Unmoved, Nasdaq and S&P Nudge up

Skyline Rises, Dow Unmoved, Nasdaq and S&P Nudge up

The bears and bulls pulled the Dow Jones Industrial Average up and down all day (see graphic), leaving it basically unmoved at 16,501.65. The Nasdaq gained +21.37 points, +0.52 percent, to end the session at 4,148.35 while the S&P 500 modestly gained +3.22 points, +0.17 percent, to close at 1,878.61, as CNNMoney tells MHProNews. The [...]...

24 Apr 2014

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Buffett’s Berkshire may Finance Homes

Buffett’s Berkshire may Finance Homes

Chairman of Berkshire Hathaway billionaire investor Warren Buffett says his company may get involved in housing finance once Fannie Mae and Freddie Mac are out of the picture. Similar to what has been proposed in the Senate, he says the government should be the backstop of last resort in a housing finance reform system, according [...]...

24 Apr 2014

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Patrick Industries Releases Financials

Patrick Industries Releases Financials

Patrick Industries, Inc. (PATK), producer and distributor of building and component parts to the manufactured housing (MH) and recreational vehicle markets, announces net sales for the first quarter of 2014 rose $28.0 million or 19.7%, to $170.1 million from $142.1 million in the comparable quarter of 2013. While 76 percent of the company’s...

24 Apr 2014

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Existing Home Sales Fall from March 2013

Existing Home Sales Fall from March 2013

The National Association of Realtors (NAR) report existing home sales in the U. S. slipped 0.2 percent to a seasonally adjusted annual rate (SAAR) of 4.59 million in March, down from 4.60 million in February, and 7.5 percent lower than the 4.96 million for sale March 2013. As worldpropertychannel.com reports, NAR Chief Economist Lawrence Yun [...]...

24 Apr 2014

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Parkbridge Lifestyle Changing Perceptions of Modular Homes

Parkbridge Lifestyle Changing Perceptions of Modular Homes

With perceptions of factory-built home dwellers still stigmatized in British Columbia, Canada, especially on a popular TV comedy show called “Trailer Park Boys,” which depicts low-rent lifestyles, British Columbia’s biggest pension fund, the BC Investment Management Corporation (BCIMC), hopes to change that perception. BCIMC acquired Parkbridge Lif...

24 Apr 2014

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Plug-In Modular Homes

Plug-In Modular Homes

Modular shipping containers comprise the Hive-Inn hotel concept designed by Hong Kong architects at OVA Studio, and each module can be removed without disturbing the surrounding rooms. As the photo shows, the concept presents valuable branding opportunities, which would allow a fan to stay in a Lexus suite or a Grey Goose vodka room that [...]...

23 Apr 2014

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Drew Draws Up, Skyline Slips

Drew Draws Up, Skyline Slips

Disappointing housing data and and reports of mixed earnings put a hiccup in investors’ throats, leading them to step back from the Big Board in today’s trading. The Dow Jones Industrial Average slipped -12.72 points, -0.08 percent, to close at 16,501.65. The Nasdaq slouched -34.49 points, -0.83 percent, to end the session at 4,126.97...

23 Apr 2014

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New Home Sales Drop in March

New Home Sales Drop in March

According to the National Association of Home Builders (NAHB), sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units for March. Based on data from the U. S. Department of Housing and Urban Development (HUD) and the Census Bureau, sales dropped 21.5 percent in the Midwest, 16.7 [...]...

23 Apr 2014

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Provider to Manufactured Housing Industry ups Revenue

Provider to Manufactured Housing Industry ups Revenue

Supplier of axles, tires and set-up materials to the manufactured housing industry, T.J.T., Inc. of Emmett, Idaho reports a net profit of $26,655 for the second fiscal quarter of 2014, $0.01 per diluted share, as compared to a net loss of $121,270 for the comparable period a year earlier. Net sales in Q2 2014 rose [...]...

23 Apr 2014

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Featured Articles and Reports - April 2014 Vol. 5 No. 7

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Your Business Image Matters, and Technology can Help!

Your Business Image Matters, and Technology can Help!

by Brad Nelms Professionalism is an important element for success in any business, including all elements of manufactured housing (MH).  If you doubt that, imagine an hypothetical MH community (MHC) owner... Read more

MARKETING

Get Your Business To The Top Of Google... ...Guaranteed (!?)

Get Your Business To The Top Of Google... ...Guaranteed (!?)

I know what you're thinking.  This sounds too good to be true, right?  Must be a scam, right?  Actually, it's not.  What business wouldn't want to appear at or near... Read more

MARKETING

Three Takes on Tunica 2014!

Three Takes on Tunica 2014!

by Maria Horton, Tammy Fonk and L. A. 'Tony' Kovach After returning home to a swarm of earthquakes in Southern California, I must admit that the rain, thunder and lightning that... Read more

MARKETING

The Newest Chapter in the “Only in California” News

The Newest Chapter in the “Only in California” News

by C. William Dahlin, JD There are many jurisdictions within California that have forms of rent control for mobile home parks. This phenomenon of price fixing has infected many locations within... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Where Are You From?

Where Are You From?

by Nadeen Green, JD Four such innocent words comprising a simple question. And this is a question I have asked of others many times. Travel for work throughout the U.S. in... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Impact of Dodd-Frank on Manufactured Housing

The Impact of Dodd-Frank on Manufactured Housing

by Harold D. Hunt, PhD New rules mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) took effect on January 14th and are expected to have a significant... Read more

FINANCING

Dirty Laundry

Dirty Laundry

by Stacey Epperson What is it about dirty laundry we don’t want anyone to see? Mine finds its way to my 50 year old Maytag washer every day. This relic is... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Controversial New York Times article on 'mobile homes' and 'trailer parks' …

Controversial New York Times article on 'mobile homes' and 'trailer parks' lands Frank Rolfe, Dave Reynolds and Mobile Home University in the Spotlight

by L. A "Tony" Kovach In the aftermath of the controversial New York Times article - The Cold, Hard Lessons of Mobile Home U by Gary Rivlin - has many... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Crucial Communications

Crucial Communications

by James Cook I am going to go way out on a limb and say that you feel frustrated, angry, maybe even hurt when you feel like somebody did not really... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Let's Be Positive!

Let's Be Positive!

by L. A. “Tony” Kovach Let's all put actions to our words! When we say, “let's be positive,” the vast majority of what MHProNews has published from our beginning in... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with...Chet Murphree

A Cup of Coffee with...Chet Murphree

1) Who, What and Where: (Your name and your formal title at Deer Valley Homebuilders). Chet Murphree, Vice President, General Manager, Deer Valley Homebuilders, Inc.. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Strategic Thinking Myths

Strategic Thinking Myths

by Tim Connor, CSP I am frequently amazed at how many intelligent, talented and well meaning executives and business owners often have blinders on that prevents them from accurately seeing their... Read more

MANAGEMENT

Self-accountability - The Single most Important Trait Necessary for Enduri…

Self-accountability - The Single most Important Trait Necessary  for Enduring Success

by Tim Connor, CSP There are many traits that when embraced can contribute to enduring success. At last count when it comes to success, I found over; 2500 books, 3 million... Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Handling Critics

ZigOn Handling Critics

by Zig Ziglar I'm comfortable in saying that anyone who has ever done anything of significance has been, at one time or another, unfairly criticized by those who believe they deserve... Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Gauging the Customer’s Intent

Gauging the Customer’s Intent

by Tim Connor, CSP Intent and intention seems to be a hot topic these days. Wayne Dyer has a book on the power of intention, Brian Klemmer has a book on... Read more

SALES

Be The One and Only in Your Market

Be The One and Only in Your Market

by Scott Stroud One of the Top 5 Questions you as manufactured or modular home pros should be asking yourself now is: Why should your potential customers – buyers, renters, tenants,... Read more

SALES

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Your Manufactured Home Video Interview

Your Manufactured Home Video Interview

Half of all the Traffic online today is Video! Being 'in the news' can be as good or better than many third party testimonials, which is why companies and organizations often work hard to get news coverage. Improved Image, Earn More & Save Thousand$ During the MHI Congress & Expo in Las Vegas, MHProNews.com and ManufacturedHomes.com are teaming up to do the kind of quality video interviews you've seen from the 2014 Louisville Show or interviews like the one with Nathan Smith or Chet Murphee. You can save on travel and other costs now. We'll host it on our site, and you can have it on your website – or others - too. Picture YOU and YOUR Firm in the Spotlight You can on a 'visible' - or better yet – invisible sponsor basis, which will look...

L.A. Tony Kovach 23 Apr 2014 Corporate Press Releases

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Register Today and Save for the 2014 Nat…

Register Today and Save for the 2014 National Congress & Expo for Manufactured and Modular Housing April 29 – May 1, 2014 - Creating Opportunities – Building Success

You won’t want to miss the 2014 National Congress & Expo for Manufactured and Modular Housing to be held on April 29 – May 1, 2014 at Caesars Palace in Las Vegas, Nevada. The Congress & Expo is the largest annual gathering of industry leaders featuring outstanding speakers, workshops, exhibits, and networking opportunities! For information on exhibiting, please visit http://www.congressandexpo.com/2014/exhibitors.asp to view the floor plan, booth prices, the list of 2014 exhibitors and to reserve your booth space. For detailed information on this important industry event, information on hotel reservations and to register, visit www.congressandexpo.com. Due to the high demand for event registrations and to allow more registrants to take advantage of the discounted rates, the early-bird rates for registration and the special Caesars Palace hotel room rate of $119 per night...

the MHMSM Team 15 Apr 2014 Corporate Press Releases

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Green Court Partners Name Matthew J. Pyz…

Green Court Partners Name Matthew J. Pyzyk and Chad V. Gardner Vice Presidents

Lake Forest, Illinois, March 20, 2014 - Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today the promotions of Matthew J. Pyzyk and Chad V. Gardner to Vice President. Matthew J. Pyzyk joined Green Courte in June 2012 as a Senior Associate.  During his time with Green Courte, he has served in various capacities within the acquisitions and asset management teams for Green Courte's land-lease/manufactured housing communities and parking strategies. Most recently, Mr. Pyzyk has been principally focused on acquiring properties for the firm's growing land lease/manufactured home communities platform, American Land-Lease, Inc. As a Vice President, Mr. Pyzyk will continue his efforts to acquire land-lease/manufactured housing communities and focus on investment opportunities within the Florida, Desert and Northwest US markets. Prior to joining Green...

the MHMSM Team 20 Mar 2014 Corporate Press Releases

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2014 Legal Briefing Breakfast For Manufa…

2014 Legal Briefing Breakfast For Manufactured Housing Communities/Parks

Click here to register! Seating is limited. Please RSVP no later than Thursday, March 21, 2014 .  Questions: Contact Barbara Ericson Direct Dial: (657) 622-4714 or bericson@hartkinglaw.com

the MHMSM Team 14 Mar 2014 Corporate Press Releases

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2014 Tunica Manufactured Housing Show Lo…

2014 Tunica Manufactured Housing Show Looms

Our registration web link is: http://www.prereg.net/2014/tmfs. 2014 Tunica Manufactured Housing Show Business Building Seminar Series!

L.A. Tony Kovach 04 Mar 2014 Corporate Press Releases

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Updated News! 2014 National Congress & E…

Updated News! 2014 National Congress & Expo for Manufactured and Modular Housing to be Held on April 29 – May April 29 – May 1, 2014 – Creating Opportunities – Building Success

The 2014 National Congress & Expo for Manufactured and Modular Housing will be held on April 29 – May 1, 2014 at Caesars Palace in Las Vegas, Nevada. The Congress & Expo is the largest annual gathering of industry leaders featuring outstanding speakers, workshops, exhibits, and networking opportunities! With the theme of Creating Opportunities – Building Success, the 2014 National Congress & Expo for Manufactured and Modular Housing will move back to Caesars Palace with a low room rate of $119 per night. Caesars Palace provides excellent meeting facilities for the Congress & Expo and easy access to some of the best restaurants, shopping and entertainment in Las Vegas. For more detailed information on this important industry event and to register, visit www.congressandexpo.com. The early-bird rates for registration and the special Caesars...

the MHMSM Team 07 Feb 2014 Corporate Press Releases

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Jobs

Job Announcement National Acquisitions and Portfolio Manager

Job Announcement National Acquisitions and Portfolio Manager

Since its launch in May of 2008, ROC USA® Network has assisted 61 resident corporations in 14 states acquire their MHCs. These communities represent 3,845 homes and leveraged financing of...

the MHMSM Team - avatar the MHMSM Team 24 Apr 2014 Management

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Community Manager/Maintenance Manager Positions

We are currently looking for go-getter individuals and couples to manage and maintain our 4 star, family owned and operated, communities located in the major metro Chicago and St. Louis...

the MHMSM Team - avatar the MHMSM Team 18 Mar 2014 Community Operations

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Community Manager/Maintenance Manager Positions

We are currently looking for go-getter individuals and couples to manage and maintain our 4 star, family owned and operated, communities located in the major metro Chicago and St. Louis...

the MHMSM Team - avatar the MHMSM Team 18 Mar 2014 Management

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General Sales Manager/ Manufactured Homes

General Sales Manager/ Manufactured Homes

Opportunity – General Sales Manager for a new regional manufactured home sales center located in Belle Vernon, P.A.  Looking for someone who is looking for a GREAT career move! We are...

the MHMSM Team - avatar the MHMSM Team 04 Mar 2014 Community Operations

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Base + Commission = $100,000+ annual

Medium Sized Family owned and operated business Well established over 40 years DST Program (Dynamic Sales Training) simplifying modern technologies to enable YOU to reach your full potential, create wealth, and have...

the MHMSM Team - avatar the MHMSM Team 17 Jul 2013 Sales

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Regional Manager

POSITION SUMMARY An employee in this position is responsible for property management program for each manufactured housing community. The employee is expected to have a thorough knowledge of all aspects of...

L.A. Tony Kovach - avatar L.A. Tony Kovach 08 Jul 2013 Community Operations

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Earn up to $75,000 a year

Earn what you are worth, through true base salary, bonuses, commissions and benefits. Must be: Good communicator. Good listener. Dependable. High integrity. Solid, verifiable references. Basic computer skills on normal office software. Team player. Appropriate vehicle that is properly...

L.A. Tony Kovach - avatar L.A. Tony Kovach 28 Dec 2012 Sales

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MH Industry E-Publishing and Video Reporter/Editor Wanted

MHMSM.com plans to dive into the world of video reporting and interviews.  This will be a compliment to our current audio podcasts and e-publishing via blogs and feature articles. The right...

the MHMSM Team - avatar the MHMSM Team 07 Jul 2011 Reporter

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WordPress/Joomla Administrator needed

MH Marketing Sales Management (MHMSM.com) is an online national trade journal for the manufactured housing industry. We are a virtual team: our founder/publisher is in Chicago (Northfield), with other members...

the MHMSM Team - avatar the MHMSM Team 24 May 2011 IT and Web Development

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Sales Person for Manufactured Housing Sales Center

Sales person: Manufactured Housing sales center in Western Nebraska looking for a lot manager/sales person. Must be self motivated, organized, and had success in the industry. Sales lot...

the MHMSM Team - avatar the MHMSM Team 21 Apr 2011 Sales

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