Bill > SB215

This bill amends existing law regarding disclosures by residential home builders in Alabama, specifically concerning liability insurance and the attestation of required disclosures. It clarifies that the written disclosure about whether a home builder has liability insurance can be part of the original contract or a separate addendum. If the builder has insurance, the disclosure can be signed or initialed by both the builder and the homeowner, with or without a witness. However, if the builder does not have liability insurance, the written disclosure must be signed by both parties and attested to by one witness chosen by the homeowner. The bill also states that failing to comply with these disclosure requirements is a violation of the chapter and can be punished by the Home Builders Licensure Board. This act is set to become effective on October 1, 2026.

Business and Industry

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