Environmental
Maine requires that buyers of residential properties be given a lead paint disclosure and EPA pamphlet for homes built before 1978. If a seller fails to provide this disclosure, the buyer can:
ACancel the contract and get their earnest money back only if lead is found
BCancel the contract within 10 days of learning of the failure to disclose✓ Correct
COnly sue for damages after closing
DTake no action as the disclosure is informational only
Explanation
Under the federal Residential Lead-Based Paint Hazard Reduction Act, buyers have a 10-day period to conduct lead-based paint inspections, and failure to provide required disclosure can allow the buyer to cancel the contract.
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