[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR35.620]



[Page 335]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 35_LEAD-BASED PAINT POISONING PREVENTION IN CERTAIN RESIDENTIAL 

STRUCTURES--Table of Contents

 

                Subpart G_Multifamily Mortgage Insurance

 

Sec.  35.620  Multifamily insured property constructed before 1960.



    Except as provided in Sec.  35.630, the following requirements apply 

to multifamily insured property constructed before 1960:

    (a) Risk assessment. Before the issuance of a firm commitment the 

sponsor shall conduct a risk assessment in accordance with Sec.  

35.1320(b).

    (b) Interim controls. (1) The sponsor shall conduct interim controls 

in accordance with Sec.  35.1330 to treat the lead-based paint hazards 

identified in the risk assessment. Interim controls are considered 

completed when clearance is achieved in accordance with Sec.  35.1340.

    (2) The sponsor shall complete interim controls before the issuance 

of the firm commitment or interim controls may be made a condition of 

the Federal Housing Administration (FHA) firm commitment, with 

sufficient repair or rehabilitation funds escrowed at initial 

endorsement of the FHA insured loan.

    (c) Ongoing lead-based paint maintenance activities. Before the 

issuance of the firm commitment, the sponsor shall agree to incorporate 

ongoing lead-based paint maintenance into regular building operations 

and maintenance activities in accordance with Sec.  35.1355(a).



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