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A national class action settlement involving Dryvit Systems, Inc., the nation's largest manufacturer of exterior insulation and finish system (EIFS), was approved January 14, 2003. Complete terms
and conditions of the settlement can be found at
www.stuccosettlement.com.
Moisture
Warranty Corporation will act as service provider for this settlement. As
service provider, Moisture Warranty Corporation will be responsible for
assisting qualified claimants through the process of correcting any
moisture problems they may have with their exterior insulation and finish
system (EIFS). This includes the completion of a certified moisture
inspection, the evaluation and completion of required repairs, and the
issuance of the Dryvit Settlement Edition of the MoistureFree Warranty.
All inspections, the warranty, and a portion of the repair costs which
will be paid for as part of the settlement.
MWC
is currently accepting applications from experienced home inspectors
interested in becoming a MWC-Certified Inspector. By becoming a MWC-Certified
Inspector, you are eligible to inspect and do follow up re-inspections on
homes which qualify as Dryvit homes under the proposed settlement
agreement. For details on the MWC Certification Program, click on the
Becoming MWC Certified tab above.
As
a certified MoistureFree Warranty inspector, you will be required to
complete three moisture inspections on a Dryvit home. The first
inspection, called the initial inspection, will determine the repairs
necessary to qualify the home for a MoistureFree Warranty. The second, or
remediation inspection, will ensure that the repairs have been completed
according to protocol. A third inspection, called the “follow up”
inspection, will be performed at 18 months following the issuance of the
warranty.
For
more information about becoming an MWC-Certified inspector, call
1-800-400-8679 ext. 155.
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