C.A.R. opposes AB 1406 (Ward) which MORE THAN TRIPLES the cap on liquidated damages in transactions where a buyer is purchasing a newly constructed owner-occupied condominium. AB 1406 dismantles strong consumer protections for buyers, putting their savings at risk to finance the condominium projects. Look for an email from REALTOR® Party of California with a subject line that reads, “Red Alert! Stop AB 1406 – Triples Cap on Liquidated Damages.”