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Mandated DisclosuresLead_based_paint_and_illinois_radon_disclosuresEASY

Under the federal lead-based paint rule, how many days does a buyer of pre-1978 target housing generally have to conduct a lead-based paint risk assessment or inspection, and can that period be changed?

Correct Answer

A) 10 days; the period can be increased, decreased, or waived entirely if both parties agree in writing.

Under 40 CFR § 745.107(b), buyers of target housing must be given an opportunity of not less than 10 days — unless the parties mutually agree in writing to a different period — to conduct a risk assessment or inspection for lead-based paint hazards. The parties may shorten, lengthen, or waive this opportunity by written agreement, giving the rule meaningful flexibility while still protecting buyers who want to test.

Answer Options
A
10 days; the period can be increased, decreased, or waived entirely if both parties agree in writing.
B
3 days; the period mirrors the Illinois attorney-review window and cannot be waived.
C
30 days; the period is mandatory and cannot be shortened or waived under any circumstances.
D
No specific period is provided; the buyer must negotiate inspection rights solely through the purchase contract.

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Related Topics & Key Terms

Key Terms:

difficulty_2disclosuresillinois_stateinspection_opportunitylead_based_paint_and_illinois_radon_disclosureslead_paintlead_paint_radon_ilscenario
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