New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 25 - REGULATIONS GOVERNING NEW HOME WARRANTIES AND BUILDERS' REGISTRATION
Subchapter 5 - THE STATE NEW HOME WARRANTY SECURITY PLAN
Section 5:25-5.2 - Claim eligibility
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The following owners are eligible to file a claim against the State fund:
(b) An owner who elects a remedy other than the filing of a warranty claim with an approved private plan or the State plan shall not be eligible thereafter to file a claim against the State fund. The State fund shall not be liable for any claim not filed in accordance with this chapter.
(c) No person who is not an eligible owner, as determined in accordance with (a) above, shall be entitled to file a claim against the State fund. No builder or other seller of a new home shall be eligible to file a claim against the State fund or to obtain indemnification or other relief from the State fund, whether in a third-party action or otherwise.