# Building Safety Act 2022, Section 145: New build home warranties: financial penalties

Extent: E+W

(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.

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Source: https://www.legislation.gov.uk/ukpga/2022/30/section/145 (the official version)
Page: https://openlegislation.uk/building-safety-act-2022/section-145
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.