It is unlawful for any lending institution to require the purchase of a home warranty service contract as a condition for granting financing for the purchase of the home.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 716, § 1, effective October 1. L. 2020: Entire section amended, (HB 20-1214), ch. 122, p. 519, § 3, effective June 24.
Editor's note: This section is similar to former § 12-61-614 as it existed prior to 2019.