Installment sales screw the pooch in PA - Posted by Greg
Posted by Greg on October 23, 2003 at 13:22:44:
As discussed earlier, each “person” can buy and sell 4 MHs per year in PA. However, I’ve just learned that you can’t even do a single installment sale without an installment seller’s license. If you do, your contracts are unenforceable.
Installment seller’s licenses are on a per-“person” basis, so you’d need three of them (husband, wife, LLC) to avoid hitting the MH dealer’s licens threshhold. The installment seller’s licenses cost $250 apiece (annually), plus you need local business licenses. The state may also be unwilling to issue 3 licenses to the same address.
I’ve given some thought to moving to NH lately. A quick check indicates that installment sales are unregulated there. A move is starting to sound better…