Digest: For condos and homes in an HOA, this Act changes how construction defects and damages are handled. (Flesch Readability Score: 74.2).
Reduces the statute of limitations for construction defect actions for units in a planned community or condominium. Imposes notice, voting and approval requirements before homeowners or condominium association owners may bring or join a construction defect action. Requires the board of directors of a condominium association to conduct a semiannual moisture inspection.
Creates special procedural requirements for giving notice to contractors prior to filing construction defect claims if the action is brought by a homeowners association or association of unit owners. Extends the time for a sender of a secondary notice of defect to bring an action against the recipient of the secondary notice of defect.