A Georgia licensee is listing a pre-1978 single-family home for sale. Regarding the seller's lead-based paint disclosure obligations in this transaction, which of the following statements is correct?
Correct Answer
D) The seller or landlord must disclose known lead-based paint information and provide the EPA pamphlet before the buyer or tenant becomes obligated under a contract.
Under the Residential Lead-Based Paint Hazard Reduction Act (Title X, Section 1018) and EPA/HUD regulations (24 CFR Part 35, 40 CFR Part 745), sellers and landlords of pre-1978 residential housing must: (1) disclose any known lead-based paint or lead-based paint hazards, (2) provide available records or reports, and (3) provide the purchaser or lessee with the EPA pamphlet 'Protect Your Family From Lead in Your Home.' These disclosures must occur before the buyer or tenant becomes obligated under a contract or lease.
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Related Topics & Key Terms
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Related Concepts
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- → Which Oklahoma rule applies when a seller wants to use the Oklahoma disclaimer statement instead of a disclosure statement?
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