Lead Based Paint Requirements

State:
Maryland
Control #:
MD-LEAD1
Format:
Word; 
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Description

The Lead-Based Paint Disclosure form is a critical document required for the sale of residential properties built before 1978, addressing lead-based paint requirements. It serves to inform potential buyers about the risks of lead exposure and mandates sellers to disclose known hazards or lack thereof. The form includes sections where sellers can check the presence of lead hazards, list any available reports, and affirm that the buyer has received relevant information. It emphasizes the importance of conducting risk assessments or inspections and provides a 10-day opportunity for buyers to do so. Additionally, it includes an acknowledgment section for agents, ensuring compliance with federal regulations. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants to protect their clients from potential liabilities associated with lead poisoning. By facilitating informed property transactions, it underscores the necessity of transparency in real estate dealings.
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  • Preview Lead Based Paint Disclosure for Sales Transaction
  • Preview Lead Based Paint Disclosure for Sales Transaction

How to fill out Maryland Lead Based Paint Disclosure For Sales Transaction?

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FAQ

If your home was built before 1978, it is more likely to have lead-based paint. In 1978, the federal government banned consumer uses of lead-based paint, but some states banned it even earlier. Lead-based paint is still present in millions of homes, normally under layers of newer paint.

In 1977, the Consumer Products Safety Commission limited the lead in most paints to 0.06% (600 ppm by dry weight). Since 2009, the lead allowable in most paints is now 0.009%. Paint for bridges and marine use may contain greater amounts of lead.

Lead in Paint and Similar Surface Coatings. All children's products, and some furniture, for adults and children, must not contain a concentration of lead greater than 0.009 percent (90 parts per million) in paint or any similar surface coatings. Household paint must also meet this requirement.

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?).

This requires that potential buyers and renters of housing built prior to 1978 receive certain information about lead and lead hazards in the residence prior to becoming obligated to buy or rent, and provides the opportunity for an independent lead inspection for buyers.

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Lead Based Paint Requirements