Penalties for Failure to Comply with Federal Lead Based Paint Disclosure Laws Include Treble 3 Times Form
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People also ask
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Who is the burden of complying with the lead-based paint disclosure law?
Lead Paint Disclosure Requirements Sellers, landlords, and agents are responsible for compliance.”
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Is lead-based paint disclosure required in Colorado?
EPA Regulations for Landlords Prior to renting or leasing a home, all Colorado-based landlords are legally obligated to report any and all known hazards on the property – including the presence of lead paint.
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Which of the following may be exempt from the lead-based paint disclosure requirements?
Yes, there are a few exceptions to the lead paint disclosure requirement for landlords. Most private and public housing is covered by this requirement, but exemptions generally include: Housing built during or after 1978. Dormitories, lofts, and efficiencies that don't have separate bedrooms.
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Which of the following properties requires a lead-based paint disclosure?
“The only requirement for a lead paint hazard is that the home was constructed before 1978, when lead-based paint was banned by the government for use on residential market.
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What is the federal lead paint disclosure law?
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.
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Which of the following statements is true regarding lead-based paint disclosures?
Explanation: The true statement concerning lead-based paint disclosure is that it should be given for properties built before 1978. This is because lead-based paint was banned by the U.S. government for use in housing in that year.
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Is the lead-based paint disclosure required for homes built?
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.
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When must the lead-based paint disclosure be provided to the buyer in Colorado?
Seller, before a buyer is obligated under any contract to buy and sell real estate, shall permit the buyer a 10-day period (unless the parties mutually agree, in writing, upon a different period of time) to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards.
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