Chapter 553-7 WRITTEN WARRANTY

Rule 553-7-.01 Written Warranty

Definitions:

(a)	"Covered contract" shall mean any contract to construct, or superintend or manage the construction of, any single family residence where the total value of the work or activity or the compensation to be received by the contractor for such activity or work exceeds $2,500.00.

(b)	"Single family residence" shall be deemed and construed to mean a "one or two family residence" as defined in the current edition of the state minimum standard International Residential Code (IRC).

(2)	A licensed residential contractor and any affiliated entities shall offer a written warranty in connection with each covered contract.

A licensed residential contractor that enters into a covered contract shall provide a written warranty which describes, at a minimum:

(a)	Covered work and activities;

(b)	Covered exclusions;

(c)	Standards for evaluating work and activities, which standards shall be those set forth in the current edition of the Residential Construction Performance Guidelines as published by the National Association of Home Builders;

(d)	The term of the warranty, including commencement date(s) or event(s);

(e)	Claim procedures;

(f)	Contractor response options (such as repair, replace or compensate);

(g)	Assignable manufacturer warranties.

(4)	Prior to the execution of a covered contract, a licensed residential contractor shall attach a complete copy of the written warranty (or an identical blank standard form of it) to the covered contract or otherwise make same available for review.

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