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Section 1018 of this law directed HUD and EPA to require the disclosure of known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.
The servicer must follow the procedures in Notifying Fannie Mae of Lead-Based Paint Citations in F-1-12, Preparing to Implement a Workout Option to report the action to Fannie Mae.
The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the sellers possession and notify the buyer of any known lead-based paint hazards.
Lead-based paints were banned for residential use in 1978. Homes built in the U.S. before 1978 are likely to have some lead-based paint. When the paint peels and cracks, it makes lead paint chips and dust.
Lead-based paints were banned for residential use in 1978. Homes built in the U.S. before 1978 are likely to have some lead-based paint. When the paint peels and cracks, it makes lead paint chips and dust.
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One of the most common sources of lead exposure is from lead-based paint, which was widely used in residential housing throughout the last century. But due to growing evidence about the dangers of lead, the use of lead paint was eventually banned more than 40 years ago.
Myth #1: Lead paint is not used anymore. Unfortunately lead paint is commonly sold in stores in at least 45 countries around the world, despite the overwhelming evidence that it harms both children and adults.
Hire a certified professional to check for lead-based paint. A certified lead-based paint inspector or risk assessor can conduct an inspection to determine whether your home or a portion of your home has lead-based paint and where it is located.
Lead paint is any paint that relies on lead compounds for drying or for its colour. Lead is added to paint to speed up drying, increase durability, maintain a fresh appearance, and resist moisture that causes corrosion.
When lead is absorbed into the body, it can cause damage to the brain and other vital organs, like the kidneys, nerves, and blood. Lead may also cause behavioral problems, learning disabilities, seizures, and in extreme cases, death.

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