Major Overhaul of the TRCC |
Friday, 23 February 2007 |
Texas State Representative Ruth Jones McClendon files outstanding bill â HB1686
The bill would effectively ban the use of mandatory arbitration agreements in contracts for homes or home repairs, require all builders to be registered with TRCC and to carry insurance. The bill would also regulate home improvement contractors for any repairs costing more than $2,500 and much more... Read responses to bill and add your comments
Texas State Representative Ruth Jones McClendon has filed an outstanding bill â HB1686. It is a major overhaul of the TRCC.
In brief, it would:
- effectively ban the use of mandatory arbitration agreements in contracts for homes or home repairs
- require all builders to be registered with TRCC and to carry insurance
- regulate home improvement contractors for any repairs costing more than $2,500
- the TRCC complaint process would be free for homeowners
- a state-sponsored inspection would be free for homeowners
- create a private cause of action against any builder who violated a TRCC rule
- create a fund to pay homeowners with claims when the builder couldn't pay; TRCC would recoup this money from the builder's insurer
- regulate a person (salesperson) who negotiates a sales contract on behalf of a builder
- add many new actions to the list of things builders could be disciplined for such as misrepresentation, abandoning or willfully failing to perform on a contract, disregarding plans or specifications or engage in fraud, and much moreâ¦
Hereâs a link to the bill: http://www.legis.state.tx.us/tlodocs/80R/billtext/pdf/HB01686I.pdf
Please take a few minutes to write a note to thank Representative McClendon at,
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Now itâs up to us to support the bill and the wisdom of our elected officials |