Establishing certain rights for purchasers of residential improvements

SB 760 requires contractors performing residential improvements (like roof or plumbing work) to include a written warranty in all contracts. This warranty must guarantee work meets building codes, uses new materials, and covers specific repairs for at least one year for major systems (foundation, roof, plumbing, electrical, etc.). The bill prohibits contractors from limiting or excluding these warranties or requiring arbitration more than 50 miles from the home, and mandates dispute resolution terms be clearly visible in contracts. It also adds disciplinary actions for contractors violating these requirements, including fines or license suspension. This directly affects homeowners and subsequent purchasers of homes with recent improvements.