Republicans in the state Senate have introduced a bill to revamp Nevada’s construction defect laws, a top priority for GOP lawmakers.
SB161 introduced Monday by Senate Minority Leader Michael Roberson of Las Vegas redefines what constitutes a construction defect, reduces the time in which lawsuits can be filed; and removes automatic awarding of attorney fees.
Roberson says existing law has hurt homeowners, homebuilders and the state’s housing market because it invites lawsuits.
Roberson says Nevada has seen a 355 percent increase in construction defect claims over the past six years. He also points to a recent study by the University of Nevada, Las Vegas that said Nevada’s construction defect claims per new home is 38 times higher than the national average.
Was this article valuable?
Here are more articles you may enjoy.
Flooding in California Leads to Soaked Roads, Water Rescues and 1 Death
Poorer Americans Dropped Federal Flood Insurance When Rates Rose
Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather
Wells Fargo Sued by Ex-Manager Who Said Bank Faked Diversity