Analysis of the protection of the purchaser of a home under construction about advanced amounts to developer as particulo of price

Abstract

The Law 20/2015, of July 14th,  on Ordinance, Supervision and Solvency of Insurance and Reinsurance Companies, has modified the First Additional Rule of the Law 38/1999, of November 5th, of Ordinance on Con- struction, which fundamentally tackles two issues: how to insure the return of the delivered amounts as particulo of price by the purchaser of a home under construction to the developer; and how to check the advanced amounts is as- signed to the construction making a deposit in a bank special account. Even though the new text maintains the same measures that the Law 57/1968, of July 27th, provided with, it is also true the legislator introduces essential changes which concern its scope as well as the responsibility of the agents participating in the process of construction.