State
law requires that new home builders in New Jersey register with the
Bureau of Homeowner Protection, Division of Codes and Standards and
provide a 10- year limited warranty backed by a plan of insurance to
their customers. New home builders in New Jersey may participate in
any of the department approved private warranty plans or in the State
of New Jersey New Home Warranty Plan.
A
new home builder is any individual or business entity engaged in the
construction of new homes including a person who contracts with a general
contractor for the construction of a new home for the purpose of sale
to another.
New
home builder registrations must be renewed every two years and a new
home builder must maintain a valid new home builder registration during
the period of time that the builder has a warranty service obligation.
The
Informational Guide for Builders to the New Home
Warranty and Builder's Registration Act gives an overview of
the program requirements.
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