The Lead Based Paint Requirements you see on this page is a reusable legal template drafted by professional lawyers in line with federal and local regulations. For more than 25 years, US Legal Forms has provided people, companies, and legal professionals with more than 85,000 verified, state-specific forms for any business and personal situation. It’s the fastest, most straightforward and most trustworthy way to obtain the documents you need, as the service guarantees the highest level of data security and anti-malware protection.
Obtaining this Lead Based Paint Requirements will take you only a few simple steps:
Subscribe to US Legal Forms to have verified legal templates for all of life’s situations at your disposal.
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.