Chapter 1 Appraisal and Property Requirements
Hazards and Nuisances: Lead Based Paint Page 1-18d

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• General Requirements - For all properties built before January 1, 1978, the appraiser must inspect ALL interior and exterior surfaces, such as walls, stairs, deck, porch, railing, eaves, windows, doors, fences, detached garages and other outbuildings and appurtenant structures for defective paint surfaces (i.e. chipping, peeling or flaking paint).

• For condominium units, the appraiser needs to inspect the interior of the unit and exterior surfaces and appurtenant structures of the specific unit being appraised.

• Refinances with an appraisal are also subject to this inspection and abatement procedure.

• Properties built between 1950 and 1978 that involve a VA-CRV must be inspected for lead based paint. HUD Handbook 4150.1, Rev-1, 5-14.D.

Please see: HUD Handbook 4150.2, Section 3-6A.17 , Mortgagee Letter 96-67 and Mortgagee Letter 00-01.

	Airports
	Railroad tracks and other high noise sources
	Flood zones and insurance
	Lead based paint
	Radon
	Overhead high voltage transmission towers and lines
	Operating and abandoned oil and gas wells, tanks and pressure lines
	Insulation materials
	Lava zones
	Avalanche hazards