Lead Based Paint Disclosure for Sales Transaction Montana Form
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People also ask
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What happens if the seller doesn't disclose lead paint?
Home sellers who fail to comply with federal disclosure responsibilities may be sued by the buyer for damages suffered.
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What is the lead-based paint disclosure must be given to?
The Lead-Based Paint Disclosure Rule applies to most pre-1978 private housing, public housing, federally owned housing, and housing receiving federal assistance. expected to live in such housing); Housing in which painted surfaces have been tested and found to be lead-based paint free; and • Foreclosure sales.
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Who must test for the presence of lead-based paint?
As a result, if a lead abatement is to be conducted, or you need a legal statement confirming the presence or absence of lead-based paint, you must have a certified lead inspector or lead risk assessor conduct a lead inspection on your home.
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Is lead-based paint disclosure required in Florida?
What is the Florida Lead-Based Paint Law? The Florida Lead-Based Paint Law mandates the disclosure of any known lead-based paint hazards in homes built before 1978 during the sale or lease of the property.
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Is lead-based paint disclosure required in California?
Sellers, landlords, or real estate agents that don't comply with California lead-based paint disclosure requirements may face the following: Civil fines up to $10,000; Criminal fines up to $10,000 and up to one year of imprisonment; and.
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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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Is Montana a full disclosure state?
Montana is a non-disclosure state, meaning sales price information is confidential and not publicly available. However, if you visit our local field office and sign a confidentiality agreement, we will show you the comparable sales that were used to value your property.
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What if I was exposed to lead paint?
Complications. Exposure to even low levels of lead can cause damage over time, especially in children. The greatest risk is to brain development, where irreversible damage can occur. Higher levels can damage the kidneys and nervous system in both children and adults.
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