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NJ S2627
Bill
Status
2/8/2024
Primary Sponsor
Brian Stack
Click for details
AI Summary
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Prohibits home improvement contractors and home elevation contractors registered under the Contractors' Registration Act from requiring full indemnification from subcontractors in their contracts
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Caps liability clauses for defects or poor workmanship in contractor-subcontractor agreements at 50 percent indemnification maximum
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Requires home improvement contracts exceeding $500 to include a certification from the contractor confirming compliance with the indemnification limitations
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Amends P.L.2004, c.16 (Contractors' Registration Act) to add these new restrictions on contractor-subcontractor liability arrangements
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Takes effect immediately upon enactment
Legislative Description
Limits home improvement contractor from entering into contract with full indemnification provision.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
2/8/2024