Key provisions of Proposition 201 on home warranties
Cronkite News Service
Here are key provisions of Proposition 201:
_ A 10-year warranty on each new home.
_ Homeowners could choose who repairs defects on homes.
_ Guarantees compensation for repairs not completed.
_ Prohibits sales contracts from requiring alternate means of settling disputes, such as arbitration or mediation.
_ Would allow prospective homebuyers to sue over defects.
_ Would reduced the notice period for buyers to request repairs from 90 days to 60 days.