§ 17-52-313. Disposition of funds
(a) (1) The Secretary of the Arkansas Home Inspector Registration Board shall receive, disburse, and account for all income paid to or received by the Arkansas Home Inspector Registration Board. (2) The Secretary of the Arkansas Home Inspector Registration Board shall institute a system of books and financial records satisfactory to the Secretary of the […]
§ 17-52-314. Registration
(a) No person shall advertise as a home inspector or undertake or attempt to undertake the conduct of a home inspection in this state without first having complied with this subchapter. (b) No person who is registered under one (1) name as provided in this subchapter shall engage in business as a home inspector under […]
§ 17-52-315. Application for registration
(a) Any person applying for registration or renewal of registration as a home inspector shall submit to the Arkansas Home Inspector Registration Board: (1) An application under oath upon a form to be prescribed by the board; (2) A current certificate of insurance issued by an insurance company licensed or surplus lines approved to do […]
§ 17-52-316. Fees and reimbursements
(a) (1) The Arkansas Home Inspector Registration Board may set registration and renewal fees not to exceed three hundred dollars ($300) per year. (2) The board shall notify the Secretary of the Department of Labor and Licensing of the registration fee for the next year and by June 1 every year thereafter until transferred to […]
§ 17-52-317. Certificates of registration
(a) (1) Certificates of registration shall be issued by the Arkansas Home Inspector Registration Board to an applicant after compliance with the registration or renewal requirements of this subchapter and approval by the board. (2) Certificates shall be consecutively numbered. (b) When registration is renewed, that person’s registration number shall be perpetuated. (c) Certificates of […]
§ 17-52-318. Insurance
(a) (1) All home inspectors are required to carry general liability insurance. (2) Coverage limits shall be not less than one hundred thousand dollars ($100,000). (b) All policies and certificates shall provide that cancellation or renewal of the policy shall not be effective unless and until at least ten (10) days’ notice of cancellation or […]
§ 17-52-319. Standards of care
(a) It is the duty of all home inspectors doing business in the state to conduct home inspections with the degree of care that a reasonably prudent home inspector would exercise. (b) All home inspections conducted for compensation in this state shall be conducted according to the standards of practice and code of ethics set […]
§ 17-52-320. Limitations
(a) Any cause of action to recover damages suffered by a consumer as a result of any act or omission of a home inspector relating to a home inspection report must be commenced within one (1) year from the date the home inspection report is completed. (b) Disciplinary action taken against a home inspector by […]
§ 17-52-321. Unfair practices
(a) It is an unfair business practice for a home inspector, a company that employs the home inspector, or a company that has a financial interest in a company employing a home inspector to do any of the following: (1) Perform or offer to perform for an additional fee any repairs to the property on […]
§ 17-52-322. Exemptions
(a) A person who by virtue of his or her employment by a public entity does home inspection work for that agency shall not be required to be registered under this subchapter if the home inspections are conducted: (1) Solely for the benefit of that entity; and (2) For no compensation other than the employee’s […]