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New Mexico Lead Based Paint Disclosure for Sales Transaction

Albuquerque New Mexico Lead Based Paint Disclosure for Sales Transaction

Name: Albuquerque New Mexico Lead Based Paint Disclosure for Sales Transaction
Brand: US Legal Forms
Rating: 4.66 (235 reviews)

Category:

New Mexico Real Estate - Home Sale

State:

New Mexico

City:

Albuquerque

Control #:

NM-LEAD1

Format:

Instant download

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Description

This Lead-Based Paint Disclosure statement is required by Federal Law when selling residential housing built prior to 1978. If the home was constructed PRIOR TO 1978, this form is REQUIRED to be completed and signed by the seller and buyer. If the dwelling was constructed in 1978 or later, this form is not required. If in doubt about the timing of construction, use the disclosure form. Whenever the form is used, the seller must also give the buyer the EPA pamphlet discussed below.

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FAQ

Section 1018 of this law directed HUD and EPA to require the disclosure of known information on lead-based paint and lead-based paint hazards before the sale or lease of most housing built before 1978.

The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards.

Landlords must give prospective tenants of target housing, including most buildings built before 1978: An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).

Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992 directs EPA and HUD to jointly issue regulations requiring disclosure of known lead-based paint and/or lead- based paint hazards by persons selling or leasing housing constructed before the phaseout of residential lead-based paint use in 1978

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Beginning July 1, 2009, an Estimated Property Tax Levy Disclosure was required for every residential listing in the state of New Mexico. In a typical real estate transaction, your agent will make sure you fill out all the necessary documents and forms.G. Written disclosure to their client or customer and to other brokers involved in the transaction of any potential conflict. Except in a case of a license applicant from a state or jurisdiction with which the New. Register today to find other auction properties in New Mexico. New Mexico Unfair Practices Act, Section 57-12-1 NMSA 1978 et seq. New Mexico Unfair Practices Act, Section 57-12-1 NMSA 1978 et seq. It is very important that you and the seller complete all of the required forms. Trial techniques in antitrust jury trial described in "The Trial Lawyers," St. Martin's Press, NY. U.S. Supreme Court Experience. Pop-Up Restaurants May Stick Around As COVID Sees Resurgence. 08.23.2021.

Albuquerque New Mexico Lead Based Paint Disclosure for Sales Transaction

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FAQ

Which of this is required in a lead-based paint disclosure?

What are the seller's obligations under 42 USC 4852d?

When selling a home built prior to Jan 1 1978 who is responsible for providing to a potential buyer the EPA pamphlet?

Who bears the obligation to disclose lead paint in residential properties before 1978?

Interesting Questions

What is Albuquerque Lead Based Paint Disclosure?

Who needs to comply with the Albuquerque Lead Based Paint Disclosure?

Why is it important to disclose lead-based paint in a sales transaction?

What happens if the seller fails to comply with the Albuquerque Lead Based Paint Disclosure?

When should the Albuquerque Lead Based Paint Disclosure be provided?

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