WARRANTY AND NOTICE OF DEFECT. A. If Seller offers a warranty in addition to the provisions in Paragraph 7 of the Contract, (CONSTRUCTION STANDARDS AND TRANSFER OF WARRANTIES), Seller, or Seller’s Broker, if applicable, shall provide, at Seller’s expense, within five (5) days of the Time Reference Date a sample written warranty covering the Property, which shall be effective at Closing. Buyer shall have the time provided in Paragraph 5 of the Contract (INVESTIGATIONS, INSPECTIONS AND REVIEWS), to review the provisions of the warranty. In the event Buyer is dissatisfied with the provisions of the warranty, Buyer may cancel the Contract in accordance with Paragraph 5 of the Contract. B. If the sale of the Property is financed by an FHA insured or a VA guaranteed loan and (i) Seller does not have a builder number issued by FHA or VA; and (ii) the improvements were constructed without FHA or VA building inspections, then (iii) Seller agrees to provide the following FHA or VA approved warranty:
Appears in 9 contracts
Samples: Oklahoma Uniform Contract of Sale of Real Estate, Oklahoma Uniform Contract of Sale of Real Estate, Oklahoma Uniform Contract of Sale of Real Estate
