Damages; arbitration of claims

Miss. Code Ann. § 83-58-15, under New Home Warranty Act.

Miss. Code Ann. § 83-58-15

The damages with respect to a single defect shall not exceed the reasonable cost of repair or replacement necessary to cure the defect, and damages with respect to all defects in the home shall not exceed the original purchase price of the home.

The parties may provide for the arbitration of any claim in dispute. Any arbitration may be binding only to the extent provided by law.