Requiring a person that constructs new homes for sale to the public to purchase a performance bond for the construction of each new home; requiring the liability under a performance bond to be for a period of 5 years after completion; prohibiting a home builder from beginning construction of a new home under certain circumstances; and altering the circumstances under which a building and permits department of a county may not issue a certain permit to include failure to purchase a performance bond.
Bill File Type: Pre-Filed
Effective Date(s): October 1, 2020
( 4.5-302.1, 4.5-601 )
Last Updated: 9/22/2020 2:48 PM