Real estate stakeholders and industry analysts are applauding the Nevada Legislature’s shelving of two bills, saying they could have led to a repeat of the construction defect reform era of the 1990s and early 2000s.

Assembly Bill 505 (which would have revised provisions relating to construction defects) and Senate Bill 433 (which would have revised provisions governing common-interest communities) were shelved during this year’s legislative session.

Josh Hicks, a partner with law firm McDonald Carano and a lobbyist for the homebuilding industry, said the issue dates all the way back to Chapter 40 of the Nevada Revised Statutes, enacted by the Legislature in 1995 with the purpose of creating a formalized process for resolving construction defect disputes between homeowners and builders.

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