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Can or does a new park owner have to file a new prospectus?

April 26, 2017file owner park prospectus

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Can or does a new park owner have to file a new prospectus?

1 Answer

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A new park owner is not required to file a new prospectus. However, he/she may file a new prospectus for use with prospective homeowners, if they wish. Additionally, the park owner may offer current homeowners the new prospectus, although the homeowner is not required to accept the new document.