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New Lead Paint Rule

Contractors, renovators and homeowners should be aware of the new federal Renovation, Repair and Painting Rule, which is aimed at limiting the risks of lead painting in old buildings.

This is particularly important for FHA loans as any sort of peeling and chipping paint must be repaired prior to closing.

Under this new rule, a certified renovator must now be present during the renovation of pre-1979 buildings. “The government is now cracking down and there are substantial fines for people who don’t follow the rules,” warned BBB’s Howard Schwartz. See the video below:

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