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MI HB5419
Bill
Status
Introduced
10/19/2021
Primary Sponsor
Stephanie Young
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AI Summary
- Requires inspection for lead-based paint before transferring residential real property constructed before 1978, with inspection conducted by a certified inspector under Michigan Public Health Code part 54A
- Mandates written inspection report be delivered to purchaser before executing purchase agreement, land contract, or lease agreement
- Requires transferor to indicate compliance with inspection requirements on purchase agreement, land contract, lease, or attached addendum
- Allows purchaser to terminate purchase agreement, land contract, or lease within 72 hours (if delivered in person) or 120 hours (if delivered otherwise) after receiving inspection report, with termination right expiring upon property transfer
- Defines "transfer" to include sales, exchanges, installment land contracts, leases with purchase options, and cooperative stock transfers
Legislative Description
Property: conveyances; lead-based paint inspections before the sale or transfer of certain real property; require. Creates new act.
Housing: inspection
Last Action
Bill Electronically Reproduced 10/19/2021
10/20/2021
Committee Referrals
Health Policy10/19/2021
Full Bill Text
No bill text available