Current through P.L. 171-2024
Section 32-27-2-8.5 - Model home warranty(a) In selling a model home, the builder may warrant to the home buyer that during the ten (10) year period beginning on the warranty date the model home will be free from major structural defects.(b) The warranty provided in this section survives the passing of legal or equitable title in the model home to a subsequent home buyer.(c) The home buyer who purchases the model home from the builder shall, in writing on or before the date of closing or transfer of the model home to a subsequent home buyer, notify the subsequent home buyer of:(1) the warranty date (as defined in section 7 of this chapter); and(2) the amount of time remaining under the warranty.Added by P.L. 137-2023,SEC. 10, eff. 7/1/2023.