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Pa Seller DisclosureLead_paint_paEASY

A Pennsylvania seller is selling a home built in 1970. Under federal law and Pennsylvania disclosure requirements, when must the seller disclose information about lead-based paint?

Correct Answer

D) Before the buyer is obligated under a contract to purchase the property

Under federal law (Residential Lead-Based Paint Hazard Reduction Act of 1992), sellers of homes built before 1978 must disclose known lead-based paint hazards before the buyer becomes obligated under a contract. This applies to all Pennsylvania residential transactions involving pre-1978 homes.

Answer Options
A
Only when the buyer requests lead paint information in writing
B
At the closing table when final documents are signed
C
Only if a lead paint test has been conducted and shows positive results
D
Before the buyer is obligated under a contract to purchase the property

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Related Topics & Key Terms

Key Terms:

lead_paintpre_1978federal_lawdisclosure_timing

Related Concepts

Violating fair housing laws can lead to significant penalties, including fines, civil liability, and professional discipline.

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.

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