New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A2555

Introduced
1/9/24  

Caption

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.

Companion Bills

NJ A3408

Carry Over Requires builders of new homes to provide owners with building plans.

Previously Filed As

NJ A3408

Requires builders of new homes to provide owners with building plans.

NJ A2554

Clarifies DCA's authority to ensure planned real estate development builders comply with disclosure requirements.

NJ A3407

Clarifies DCA's authority to ensure planned real estate development builders comply with disclosure requirements.

NJ A2558

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.

NJ A3412

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.

NJ S2769

Revises reporting requirements for nursing homes concerning financial disclosures and ownership structure.

NJ A4484

Revises reporting requirements for nursing homes concerning financial disclosures and ownership structure.

NJ HB198

Building codes; Alabama Home Builders Licensure Board; Alabama Residential Building Code, authorized to be established

NJ A1872

Revises reporting requirements for nursing homes concerning financial disclosures and ownership structure.

NJ SB288

Building codes; Alabama Home Builders Licensure Board; Alabama Residential Building Code, authorized to be established

Similar Bills

No similar bills found.