Requires builders of new homes to provide owners with building plans.
Impact
This bill modifies the existing New Home Warranty and Builders' Registration Act by establishing a clearer protocol for builders regarding the disclosure of construction plans. This change is intended to safeguard homeowners by ensuring they have access to crucial information about their property, thus fostering trust in new home construction agreements. Builders who fail to comply with this provision face potential penalties, including liability under the aforementioned act, which may result in disciplinary actions like suspension or revocation of their registration certificate.
Summary
Assembly Bill A2555 aims to enhance transparency in the construction of new homes by mandating that builders provide homeowners or their agents with a free copy of the building plans. This requirement is stipulated to occur no more than 15 days before the commencement of construction, ensuring that owners are informed of the structural specifics they are investing in. The building plans must bear the seal of a licensed professional engineer or architect, or include an affidavit from the individual who prepared them if the seal is unavailable.
Contention
Potential points of contention surrounding A2555 may arise from both builders and consumer protection advocates. While proponents argue that providing owners with building plans protects consumer rights and improves accountability, builders might view this regulation as an additional burden that complicates and extends their responsibilities. Furthermore, the stipulation that plans cannot be altered without mutual consent may lead to disputes if modifications are necessary after plans are shared. This could strain relationships between builders and homeowners, especially if expectations are not managed effectively.
Requires developer under "The Planned Real Estate Full Disclosure Act" to post bond with DCA and provides for more accountability to owners in common interest community.
Requires developer under "The Planned Real Estate Full Disclosure Act" to post bond with DCA and provides for more accountability to owners in common interest community.