Nevada Revised Statutes 40.607 – ‘Builder’s warranty’ defined
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‘Builder’s warranty’ means a warranty issued or purchased by or on behalf of a contractor for the protection of a claimant. The term:
Terms Used In Nevada Revised Statutes 40.607
- Contract: A legal written agreement that becomes binding when signed.
1. Includes a warranty contract issued by or on behalf of a contractor whose liability pursuant to the warranty contract is subsequently insured by a risk retention group that operates in compliance with chapter 695E of NRS and insures all or any part of the liability of a contractor for the cost to repair a constructional defect in a residence.
2. Does not include a policy of insurance for home protection as defined in NRS 690B.100 or a service contract as defined in NRS 690C.080.