An Ohio seller of a pre-1978 home fails to provide the required lead-based paint disclosure to the buyer. The buyer closes on the property and later discovers lead paint. Under federal law, what penalties may the seller face?
Correct Answer
D) Treble damages (three times actual damages) plus attorney fees under federal law
Under the Residential Lead-Based Paint Hazard Reduction Act, a seller who fails to provide the required lead paint disclosure may be liable for treble damages (three times the buyer's actual damages) plus the buyer's court costs and attorney fees. The EPA may also impose civil penalties.
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More Oh Disclosure Requirements Questions
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- → Tom, an Ohio seller, asks whether he must disclose that the property has a sump pump in the basement. Under Ohio disclosure practice, which statement is correct?
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Previous Question
An Ohio buyer's agent represents a buyer purchasing a pre-1978 home. The seller's lead paint disclosure states 'No known lead-based paint.' However, the buyer's agent notices peeling paint on the exterior trim. Under Ohio and federal law, what should the buyer's agent do?
Next Question
Rebecca, an Ohio buyer, is purchasing a pre-1978 home. The lead paint disclosure addendum in her purchase agreement includes an option to waive the 10-day lead inspection period. Under federal law, may Rebecca waive this right?