What might be a consequence of not obtaining a Limited Lien Resale License?

The consequence of not obtaining a Limited Lien Resale License directly relates to the legal requirements involved in the sale of used mobile homes. Without this specific license, an individual would be unable to sell used mobile homes legally. The Limited Lien Resale License is essential because it ensures that all transactions comply with state regulations regarding ownership transfer and lien requirements. By not having the license, a seller exposes themselves to legal repercussions, which can include fines and the inability to complete sales. This not only impacts the seller but also any potential buyers, as the transaction would not be recognized as legitimate.

In contrast, while increased property taxes, higher insurance rates, and loss of rental income may present challenges in the broader context of mobile home ownership, they are not direct consequences of failing to secure a Limited Lien Resale License. Hence, the inability to legally sell used mobile homes is a straightforward outcome of not obtaining the necessary licensure.