Under New York's implementation of federal lead-based paint law, what constitutes a 'lead-based paint hazard' that must be disclosed?
Correct Answer
C) Any paint containing more than 1.0% lead by weight or 1.0 mg/cm² by surface area
Federal regulations adopted by New York define lead-based paint as paint containing 1.0 milligram per square centimeter (1.0 mg/cm²) or 0.5% by weight, but the disclosure threshold for hazards is 1.0% by weight or 1.0 mg/cm².
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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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Previous Question
A New York seller of a 1976 home completed the lead-based paint disclosure indicating 'no knowledge' of lead-based paint. After contract signing, the seller discovers old renovation records showing lead paint was identified in 1995. What is the seller's obligation under New York law?
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Robert is selling his 1971 Queens apartment building with four rental units. A buyer is interested in purchasing the building. What lead-based paint disclosure requirements apply under New York law?