Under existing law, prior to commencement of residential home building by a residential home builder, the residential home builder is required to disclose in writing to the homeowner whether he or she has obtained and is currently maintaining liability insurance. The written disclosure must be signed by the residential home builder and the homeowner and attested by a witness. This bill would further provide for the disclosure, signature, and attestation requirements by providing that if the residential home builder affirms that he or she has and is currently maintaining liability insurance, there is no witness requirement for the disclosure of that fact and the disclosure is sufficient if signed by the residential home builder and the homeowner. This bill would also provide that if a residential home builder is not maintaining liability insurance, the disclosure of that fact must be attested to and signed in person by the residential home builder and homeowner.

Statutes affected:
Introduced: 34-14A-19, 34-14A-19