A buyer waives the 10-day lead inspection period in writing on a 1974 home. The seller still provides the EPA pamphlet and the lead-paint disclosure form. Has the seller complied with federal lead-paint requirements?
Correct Answer
D) Yes, the buyer may waive the inspection period in writing
Federal lead-paint rules allow the buyer to waive the 10-day inspection opportunity in writing. As long as the seller provided the disclosure form, available records, and the EPA pamphlet, compliance is satisfied.
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- → What is the 'Annual Percentage Rate' (APR) as disclosed on the Loan Estimate and Closing Disclosure?
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- → Under TRID, all of the following pieces of information trigger the lender's obligation to provide a Loan Estimate EXCEPT.
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All of the following are required elements of federal lead-paint disclosure compliance for a covered pre-1978 sale EXCEPT