Alabama SB215 modifies the disclosure requirements for residential home builders regarding liability insurance.

Alabama SB215 amends the disclosure requirements for residential home builders concerning liability insurance. If a home builder confirms they have obtained and are maintaining liability insurance, the disclosure can be signed by the builder and homeowner without a witness. However, if the builder is not maintaining liability insurance, the disclosure must be signed by both parties and attested by a witness chosen by the homeowner. Non-compliance with these provisions is a violation punishable by the board.

Alabama SB215 modifies the disclosure requirements for residential home builders regarding liability insurance.

Alabama SB215 amends the disclosure requirements for residential home builders concerning liability insurance. If a home builder confirms they have obtained and are maintaining liability insurance, the disclosure can be signed by the builder and homeowner without a witness. However, if the builder is not maintaining liability insurance, the disclosure must be signed by both parties and attested by a witness chosen by the homeowner. Non-compliance with these provisions is a violation punishable by the board.