(a) In general. -- Prior to entering into a contract for sale or construction of a new home, the builder shall disclose in writing to the owner whether:
(1) The builder participates in a new home warranty security plan through which:
(i) The builder must provide the owner with a new home warranty; or
(ii) The builder may provide a new home warranty to the owner at the owner's option; or
(2) The builder does not participate in a new home warranty security plan.
(b) Form. -- The disclosure will be made on a form approved by the Division.
1990, ch. 223; 2002, ch. 492.