Illinois HB5454 establishes implied warranties for new home buyers, ensuring homes are free from defects for specified periods.
Illinois HB5454, known as the Consumer Protection New Construction Residential Housing Act, mandates that a housing merchant implied warranty is included in the sale of a new home. This warranty ensures that the home will be free from defects for one year due to construction issues, two years for plumbing, electrical, heating, cooling, and ventilation systems, and six years for material defects. The Act also allows builders to exclude or modify these warranties if they offer a written limited warranty that meets specific standards.
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