Oregon Lead Based Paint Disclosure With All 50 States
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How to fill out Oregon Lead Based Paint Disclosure For Rental Transaction?
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FAQ
LEAD WARNING STATEMENT The seller/landlord of any interest in residential real property is required to provide the buyer/tenant with any information on lead-based paint hazards from risk assessments or inspections in the seller's/landlord's possession and notify the buyer/tenant of any known lead-based paint hazards.
Ing to the Federal law, the landlord is required to disclose to you any knowledge that he or she has of lead-based paint (LBP) in the house. If he/she has no knowledge of LBP, he/she is not required to conduct an inspection or determine if lead-based paint is present.
Look at the condition of the paint One of the telltale signs of lead in paint is ?alligatoring,? which looks like reptilian scales when the layer starts to crack and wrinkle. If paint creates a chalky residue when it rubs off, it could also contain lead.
This is especially true for homes built prior to 1950, but lead-based paints were widely used up to the time they were banned for residential purposes in 1978.
Lender requires as a condition to the making of the Mortgage Loan that Borrower develop, implement and carry out an operations and maintenance plan for the containment or removal of paint containing more than one-half percent (0.5%) lead by dry weight (?Lead-Based Paint?) on the Mortgaged Property (?O&M Plan?).