Under federal law, when purchasing a pre-1978 home, a buyer is granted a period to conduct a lead-based paint inspection. Which of the following correctly describes that right?
Correct Answer
B) The buyer has 10 days to inspect, and may waive this right in writing
Under the federal Residential Lead-Based Paint Hazard Reduction Act (42 U.S.C. § 4852d), buyers of homes built before 1978 have a 10-day period to conduct a lead-based paint inspection or risk assessment at their own expense. This right may be waived by the buyer in writing. The inspection is not mandatory, does not apply to commercial properties, and the seller is not required to pay for it.
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