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Two Real Estate Firms in Hot Water in Hawaii

 

The U.S. Environmental Protection Agency (EPA) has settled with both Century 21 Homefinders of Hawaii in Hilo, and Coldwell Banker Island Properties of Kahuhui, Maui for violating the federal Toxic Substances Control Act (TSCA). Collectively the companies have agreed to pay more than $26,000 in penalties for failing to provide proper lead-based paint disclosure to buyers and renters of homes built before 1978 in Maui and the Big Island.

The companies were cited under the TSCA’s lead-based paint disclosure rule, which applies to housing built before the residential use of lead-based paint was banned in 1978. The rule requires sellers and lessors of pre-1978 homes to provide prospective home buyers and tenants with a federal brochure about lead-based paint, any information known about lead-based paint in the home, and a warning statement about the potential dangers of lead-based paint. Buyers also have the option to inspect pre-1978 homes before becoming obligated to make a purchase. With this knowledge, potential home buyers and tenants can make informed decisions about whether to buy or rent a specific residence.

Century 21 Homefinders of Hawaii has agreed to pay a $6,962 penalty to settle alleged disclosure violations. Coldwell Banker Island Properties paid a $19,344 penalty in an earlier settlement. Both real estate companies have certified that they are presently in compliance.

High levels of lead in blood can cause permanent damage to the nervous system and widespread health problems, according to the EPA, including reduced intelligence and attention span, hearing loss, stunted growth, reading and learning problems, and behavioral difficulties. Young children with developing nervous systems are most vulnerable. “Reducing childhood lead exposure and addressing associated health impacts is a top priority for the EPA,” said EPA Pacific Southwest Regional Administrator Mike Stoker in a news release. “These settlements protect Hawaii communities by ensuring that lead paint rules and regulations are followed.”

Click here to learn more about the Disclosure Rule.

 


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