MS SB2223

Revises the definition of "major structural defect" under the New Home Warranty Act to mean actual physical damage to load-bearing portions of a home (foundation systems, beams, girders, lintels, columns, load-bearing walls, floor systems, and roof-framing systems) caused by failure of those load-bearing functions.

Changes the warranty period for major structural defects from the warranty commencement date to six (6) years following the completion date of the home.

Maintains the one (1) year warranty period following the warranty commencement date for defects due to noncompliance with building standards.

Preserves existing exclusions from the builder's warranty, including defects caused by owner negligence, normal wear and tear, mold (except when caused by builder negligence), and various natural disasters and external events.

Effective date: July 1, 2012.