Federal law requires sellers and landlords to disclose known lead-based paint hazards in residential properties built before which year?
Correct Answer
C) 1978
Under federal law (42 U.S.C. § 4852d), sellers and landlords must disclose known lead-based paint hazards in housing built before 1978, the year the Consumer Product Safety Commission banned the residential use of lead-based paint. In Maine, as in all states, sellers must provide buyers with the EPA pamphlet 'Protect Your Family from Lead in Your Home,' disclose any known lead hazards, and allow buyers a 10-day period to conduct a lead inspection or risk assessment before becoming obligated under the contract.
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Related Topics & Key Terms
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Related Concepts
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
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