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This version of the form is not currently in use and is provided for reference only. Download this version of
Form HUD-92544
for the current year.
Form HUD-92544 Warranty of Completion of Construction
What Is Form HUD-92544?
Form HUD-92544, Warranty of Completion of Construction , is a formal document signed by a builder that wants to sell a new home to guarantee the building is constructed in accordance with the plans and requirements approved by the Federal Housing Administration. Additionally, this statement will be used to fix workmanship faults at the expense of the builder within the period the warranty is valid for. The warranty begins on the day the purchaser obtains the title to the house or moves in. This document signed for all properties that will receive high loan-to-value financing works as an insurance policy to make sure the builder complies with the construction standards and gives assurance to the future residents of the place. If the builder is at fault for structural defects of the property, they must make repairs within a reasonable period of time.
Alternate Names:
- HUD Warranty of Completion;
- Warranty of Completion.
This form was issued by the U.S. Department of Housing and Urban Development (HUD) . The latest version of this document was released on September 1, 2005 , with all previous editions obsolete. A HUD-92544 printable form is available for download below.
HUD Warranty of Completion Instructions
Form HUD-92544 covers three major points:
- The builder promises to pay for the correction of all construction flaws caused by defective materials or faulty workmanship during the first year of warranty;
- The builder provides an additional warranty for the components of the house such as piping, heating, plumbing, etc. during the second year of warranty;
- The builder is liable for structural problems that negatively affect the building making it less livable for ten years.
Follow these steps to fill out a HUD Warranty of Completion:
- Indicate the name, address, and telephone number of the lender that financed the purchase.
- State the name of the buyer or owner.
- Write down the case number assigned by the Federal Housing Administration or the U.S. Department of Veterans Affairs.
- Record the property address. Note that the house includes all improvements made to the building and its major components - electrical systems, heating, furnaces and boilers, air conditioners, roof, and structure.
- If the property contains a mobile home, the warrantor must confirm the compliance of this manufactured home with the proposed construction plans, certify it does not have any hidden damage, and its sections have been properly assembled. Provide the name and contact details of the mobile home manufacturer.
- Add the warrantor's title. The form must be signed by the builder and purchaser. Date the document and include the name and contact information of the property builder.
The form must be submitted by the builder to the HUD that will review the construction and provide a report if any issues are detected. Note this document must be filed before the loan is closed by the lender and purchaser and it cannot be prepared for previously occupied houses, even those in proper condition, only for new buildings.
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