Bill > SF460

This bill establishes comprehensive regulations for home inspections in Iowa, focusing on who can perform home inspections and setting strict standards for home inspection reports. The bill requires that home inspectors be members of a national home inspectors association, licensed architects, or professional engineers, and mandates that they conduct inspections with the care of a reasonably prudent professional. Key provisions include prohibiting home inspectors from performing repairs on properties they've recently inspected, requiring disclosure of financial interests in property transactions, and banning contingent fee arrangements. The bill mandates that home inspection reports must be in writing, include a detailed scope of inspection, describe material defects, and contain specific disclaimers about the limitations of the inspection. Home inspectors must maintain errors and omissions insurance and are prohibited from providing repair cost estimates beyond a general range. The bill establishes penalties for violations, including misdemeanor charges for failing to maintain insurance or falsely representing qualifications. Additionally, the bill defines key terms like "home inspection" and "home inspector" and specifies what types of examinations are not considered home inspections. Violations can result in fines and potential legal consequences, with the aim of protecting consumers and ensuring professional standards in home inspections.

Business and Industry

Commerce (Senate)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF460