There are a number of
new and pending regulations
that affect residential property.
Lead Disclosure Rule
The Residential Lead-Based Paint Hazard Reduction Act, commonly known as Title X, went into effect in 1996 and requires the disclosure of known lead hazards, the distribution of an EPA pamphlet, and specific language in a contract each time a pre-1978 property is sold or rented. Buyers are allowed 10 days to conduct an evaluation for lead before they are obligated under a contract.
For detailed information go to Update and see the Title X section.
Federally Backed Mortgages
While Title X requires disclosure, there are regulations that also require lead inspections and risk assessments on all Federally backed mortgages (like FHA, and VA loans) and all project-based Federal Assistance over $5,000.
For more info on lead inspections and risk assessments go to Testing.
For more, go to the HUD section of Update.
QUICK LINKS to information for buyers, sellers and Real Estate professionals.
FACT SHEETS ... about Lead Poisoning, Testing & more (easy to download)FOR MORE INFORMATION ABOUT ...
RENOVATION... can be dangerous. READ THIS FIRST!
DISCLOSURE... laws that affect most pre-1978 homes.
Lead Poisoning, go to FACTS.
Down-loadable FACT SHEETS, go to FACTSHEET.
Rules & Regulations, go to UPDATE
Questions? Go to FAQ
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