Federal law requires sellers and landlords to disclose known lead-based paint hazards in residential properties built before what year?
Correct Answer
C) 1978
Under the federal Residential Lead-Based Paint Hazard Reduction Act (42 U.S.C. § 4852d) and the HUD-EPA rule implementing it, sellers and landlords must disclose known lead-based paint hazards in residential housing built before 1978. That year marks the cutoff because the Consumer Product Safety Commission (CPSC) banned the residential use of lead-based paint in 1978. Buyers must also be given an EPA-approved lead hazard information pamphlet and a 10-day opportunity to conduct a lead inspection.
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Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.
HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.
The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."
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