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What Is Form HUD-92544? Form HUD-92544, Warranty of Completion of Construction, is a formal document signed by a builder that wants to sell a new home to guarantee the building is constructed in accordance with the plans and requirements approved by the Federal Housing Administration.
Does VA require a 10 year warranty on new construction?
VA requires the builder of a \u201cnew construction\u201d property to provide the veteran purchaser with a 1-year VA builder warranty and/or a 10-year insurance backed protection plan.
Are builder warranties transferable?
If you sell your home within the active time frame of the warranty, the protection will transfer to the new owner.
What is a VA builders warranty?
The one-year builder's warranty must be on VA Form 26-1859, Warranty of Completion of Construction. If the builder provides a ten-year insurance \u2013backed protection plan, then the veteran will need to acknowledge that he or she will receive no assistance with construction complaints.
warranty of completion of construction 2024
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