Federal law requires sellers to disclose known lead-based paint hazards in residential properties built before which year?
Correct Answer
C) 1978
Under the federal Residential Lead-Based Paint Hazard Reduction Act (42 U.S.C. § 4852d), sellers and landlords of residential properties built before 1978 must disclose any known lead-based paint or lead-based paint hazards to buyers or tenants. The year 1978 is significant because the Consumer Product Safety Commission banned the use of lead-based paint in residential housing effective that year. Buyers must also be provided an EPA-approved informational pamphlet and given a 10-day opportunity to conduct a lead inspection.
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Death on property disclosure addresses whether sellers must inform buyers about deaths that occurred on the property, including natural deaths, suicides, and murders. Requirements vary significantly by state.
Environmental hazards disclosure involves informing buyers about environmental contamination or hazards affecting or potentially affecting a property, including underground storage tanks, contaminated soil, hazardous waste, and proximity to Superfund sites.
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.
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