Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

Action Needed - Support SB 1475

 
Posted on April 18, 2012 by Mike Means

The sanctity of our contracts and our warranties is under attack. Recent decisions by Oklahoma courts have begun to redefine that "bad faith" can extend beyond insurance to contracts and warranties. This puts our providers under an "insurance" category and we can see costs going up.

SB 1475 is legislation that simply says that "bad faith" issues are to be confined to insurance. Contracts and warranties are still open to breach of contract issues, but should not be exposed to bad faith lawsuits.

Please take a moment and ask your state representative to support SB 1475.

Thank you.

Mike Means

State Executive Officer

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