Part 5

Other provision about safety, standards etc

New build home warranties

New build home warranties: financial penalties
145
1
The Secretary of State may by regulations make provision for and in connection with the imposition of a financial penalty in cases where the Secretary of State, or a person designated by the Secretary of State, is satisfied beyond reasonable doubt that a person has, without reasonable excuse, failed to comply with section 144(2).
2
The regulations may include provision—
a
about the procedure to be followed in imposing penalties;
b
about the amount of penalties;
c
for the imposition of interest or additional penalties for late payment;
d
conferring rights of appeal against penalties.
3
The regulations must provide that the amount of a financial penalty (excluding interest or any additional penalty) may not exceed the greater of—
a
10% of the value of the relevant interest at the time the person granted or disposed of the relevant interest, and
b
£10,000.
S. 145 not in force at Royal Assent, see s. 170(5)
S. 145 in force at 6.4.2023 for specified purposes by S.I. 2023/362, reg. 3(1)(z12)