F Agent Has Informed the Seller of the Seller' Obligations under 42 U
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People also ask
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What does lead-based paint disclosure mean?
Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning.
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When a property that is target housing is sold, which of the following is required to be included as an attachment to the contract?
Contracts to sell or lease target housing must have an attachment that contains the following: Lead Warning Statement – See 24 CFR 35.92 in Appendix VI-A of this chapter.
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Does FHA require lead-based paint disclosure?
Disclose any known information concerning lead-based paint or lead-based paint hazards. The seller or landlord must also disclose information such as the location of the lead-based paint and/or lead-based paint hazards, and the condition of the painted surfaces.
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What is 42 USC 4852d?
42 U.S. Code § 4852d - Disclosure of information concerning lead upon transfer of residential property.
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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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Who is required to disclose the known use of lead-based paint to buyers of property built before 1978?
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 seller's possession and notify the buyer of any known lead-based paint hazards.
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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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Does FHA require lead paint disclosure?
Disclose any known information concerning lead-based paint or lead-based paint hazards. The seller or landlord must also disclose information such as the location of the lead-based paint and/or lead-based paint hazards, and the condition of the painted surfaces.
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