In 1978, the Legislature adopted The New Home Warranty and Builders’ Registration Act, N.J.S.A. 46:3B-1 to -20 (Act). Participating homeowners are permitted to make claims to the Program for defects caused by (1) Afaulty workmanship and defective materials due to noncompliance with the building standards,” (2) faulty installation of plumbing, electrical, [and] heating and cooling