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EPA issued a rule under section 1018 of this law known as the Lead-Based Paint Disclosure Rule. It directs EPA and HUD 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.
What is the lead policy for housing?
Home sellers who fail to comply with federal disclosure responsibilities may be sued by the buyer for damages suffered. These can be quite hefty, especially if young children have developed a lead-related health problem (over $10,000, depending on the violation). Other penalties can also be imposed.
Does USDA require lead-based paint disclosure?
Sellers and landlords must disclose known lead-based paint and lead-based paint hazards and provide a report to buyers and renters. Sellers and landlords must give buyers and renters the pamphlet developed by EPA, HUD, and the Consumer Product Safety Commission (CPSC), titled Protect Your Family from Lead in Your Home.
Which of the following properties requires a lead disclosure?
Federal law requires property owners to provide tenants with information on lead hazards; jurisdictions should require property owners to also encourage tenants to report deteriorated paint (and other problems), and provide them with information on how to do so.
What is the lead disclosure rule for HUD?
Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnant women. Before renting pre-1978 housing, lessors must disclose the presence of known lead-based paint and/or lead-based paint hazards in the dwelling.
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Is lead-based paint disclosure required on FHA loans?
Requirements Under the Disclosure Rule. Homebuyers and renters of most pre-1978 private, public, federally owned housing, and housing receiving federal assistance have the right to know whether lead-based paint and lead-based paint hazards are present before signing a contract or lease.
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EPA HUD Lead-Based Paint Fact Sheet
! Sellers and landlords must disclose known lead- based paint and lead-based paint hazards and provide available reports to buyers or renters.
Hope VI program begins to redevelop old public housing. 1996. Lead-based paint disclosure becomes law. 1999. HUD and CDC launch the Healthy Homes Initiative.
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