The bill establishes new regulations for home inspections in Iowa, specifying who is authorized to perform independent home inspection reports. It mandates that only licensed home inspectors, architects, or professional engineers can issue these reports. The bill outlines the required standards of care for home inspectors, emphasizing adherence to the practices and ethics of a national home inspectors association. It also prohibits certain unfair practices, such as offering repairs for a fee on properties inspected within the last twelve months, inspecting properties in which the inspector has a financial interest without proper disclosure, and accepting payment contingent on the inspection's findings.

Additionally, the bill stipulates that home inspection reports must include specific elements, such as a description of the inspection scope, identification of material defects, and disclaimers regarding the nature of the inspection. Home inspectors are required to maintain liability insurance and are subject to penalties for failing to comply with these regulations. Violations can result in misdemeanors, with fines and potential confinement depending on the severity of the offense. Overall, the bill aims to enhance the integrity and reliability of home inspections in Iowa.

Statutes affected:
Introduced: 558A.4