Damages; arbitration of claims
Known as the New Home Warranty Act
The act spans §§ 83–83 (9 sections).
Applied in 1 court decision — leading case 873 So. 2d 140 - DiMa Homes, Inc. v. Stuart (2004)
Most recently applied in 873 So. 2d 140 - DiMa Homes, Inc. v. Stuart (May 2004)
Laws, 1997, ch. 465, § 8, eff from and after July 1, 1997.
The damages with respect to a single defect shall not exceed the reasonable cost of repair or replacement necessary to cure the defect, and damages with respect to all defects in the home shall not exceed the original purchase price of the home.
The parties may provide for the arbitration of any claim in dispute. Any arbitration may be binding only to the extent provided by law.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.