Rehabers: Be Informed about New EPA Rule
If you are planning on rehabbing or remodeling a home built before 1978 then you need to be aware of a new rule from the EPA that goes into effect on April 22, 2010. If your scope of work requires you to disturb any of the interior or exterior paint of a home, school or day care then effective April 22 you must comply with the Environmental Protection Agency Renovation, Remodeling and Painting Rule. This means that contractors must be certified by the EPA to work within this new federal law following lead-safe work practices. This new law is intended to protect children from leaded dust that may result from disturbing lead based paint.
Contractors, property owners, homeowners, realtors and childcare providers can visit www.epa.gov/lead/pubs/renovation.htm online to find their respective Renovation, Repair and Painting Rules.
Pride of Austin Capital Partners will require this certificate from all borrowers whose scope of work includes disturbing paint in homes, schools and day care centers built before 1978 when a loan is being underwritten. Realtors and Homeowners may want to check to see if they will be required to provide a copy of the certificate from their contractor when they are selling a property that was renovated after April 22 in which the paint may have been disturbed.
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