Title X
In October 1992, Congress passed the Residential Lead-Based Paint Hazard
Reduction Act, also known as Title X. Section 1018 of this law directed the U.S.
Department of Housing and Urban Development (HUD) and the U.S. Environmental
Protection Agency (EPA) to require disclosure of information on lead-based paint
prior to the sale of most housing built before 1978. This requirement went into
effect on September 6, 1996, for owners of four or more dwelling units, and on
December 6, 1996, for all other property owners and agents.
Homeowners (and landlords) are required to disclose any knowledge of lead
paint and provide home buyers (and leasers) with a 10-day opportunity to conduct
a risk assessment or inspection for the presence of lead-based paint hazards
before becoming obligated under the contract to purchase the property.
Title X also requires that
home buyers (and leasers) read the Lead Warning
Statement and receive a copy of the EPA pamphlet, Protect Your Family from Lead
in Your Home. Finally, all parties must sign a Disclosure Statement indicating
that regulations have been followed.
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