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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.
The most appropriate people on whom a licensee can rely for sound environmental information are scientific or technical experts. Environmental auditors (or environmental assessors) are scientific or technical experts who can provide the most comprehensive studies.
A seller must, however, give buyers 10 days to inspect the property for lead. Nothing in the rule requires an owner to remove lead-based paint or lead hazards from the property.
Landlords must give prospective tenants of target housing, including most buildings built before 1978: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
Landlords must give prospective tenants of target housing, including most buildings built before 1978: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
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What must a seller in a PID disclose to a potential buyer? If county or city has made some type of improvement that benefits property owners in the area, there will be an additional tax that owners will have to pay. This will transfer to new Buyers so DISCLOSE!
Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992 directs EPA and HUD to jointly issue regulations requiring disclosure of known lead-based paint and/or lead- based paint hazards by persons selling or leasing housing constructed before the phaseout of residential lead-based paint use in 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.
Lead Paint was Banned in the United States in 1978 It wasnt until 1978 that the federal government enacted a more comprehensive ban on lead-based paint.
The FHA/HUD official site reminds residents and landlords that the Lead Disclosure Rule requires home sellers and landlords of housing, built before 1978 to disclose to purchasers and potential tenants knowledge of lead-based paint or lead-based paint hazards using a disclosure form, signed by both parties, attached

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