On the disclosure form, the buyer must acknowledge receipt of the EPA disclosure booklet and copies of lead reports, if available. Additionally, the buyer will receive a 10-day opportunity to conduct a risk assessment or may choose to waive this opportunity.

The disclosure is on a federally prescribed form and must be made as a condition of the sale before conveyance of the property.

Federal law requires that the seller disclose any known presence of lead-based paint hazards and provide thebuyer with the EPA disclosure booklet, “Protect Your Family From Lead in Your Home,” along with any otheravailable records and/or reports.

The purpose of the lead-based paint disclosure is to make the buyer aware that the residential property (if built prior to 1978) may present exposure to lead.