The Homebuyer Protection Act (HPA)
The Homebuyer Protection Act (HPA), designed to protect home buyers from unrecorded construction liens, went into effect January 1, 2004. The Act applies to all new home construction as well as recent major remodels. OAR offers a flow chart to help members determine if the Act applies to a specific property and risk management forms (HPA Guidelines, HPA Notice of Compliance Form, and HPA Warning to Buyers Form.
