Warranties of builder; survival of warranties
Sec. 8. (a) In selling a completed new home, and in contracting to
sell a new home to be completed, the builder may warrant to the
initial home buyer the following:
(1) During the two (2) year period beginning on the warranty
date, the new home will be free from defects caused by faulty
workmanship or defective materials.
(2) During the two (2) year period beginning on the warranty
date, the new home will be free from defects caused by faulty
installation of:
(A) plumbing;
(B) electrical;
(C) heating;
(D) cooling; or
(E) ventilating;
systems, exclusive of fixtures, appliances, or items of
equipment.
(3) During the four (4) year period beginning on the warranty
date, the new home will be free from defects caused by faulty
workmanship or defective materials in the roof or roof systems
of the new home.
(4) During the ten (10) year period beginning on the warranty
date, the new home will be free from major structural defects.
(b) The warranties provided in this section (or IC 34-4-20.5-8 or
IC 32-15-7 before their repeal) survive the passing of legal or
equitable title in the new home to a home buyer.
(c) An individual identified in section 7(1), 7(2), or 7(3) of this
chapter who is selling a new home shall notify the purchaser of the
home in writing on or before the date of closing or transfer of the
new home of:
(1) the warranty date (as defined in section 7 of this chapter);
and
(2) the amount of time remaining under the warranty.
As added by P.L.2-2002, SEC.12. Amended by P.L.165-2005,
SEC.10.
Last modified: May 24, 2006