Asbestos Exposure in Housing Reduction Act of 2022
This bill requires the seller or lessor of a dwelling to disclose to the purchaser or lessee any known asbestos-based hazards in the dwelling and provide any available asbestos hazard evaluation report. The bill also requires the seller or lessor to allow the purchaser or lessee a 10-day period to conduct a risk assessment or inspection for asbestos hazards. Further, the bill requires that every contract for the sale or lease of a dwelling contain an asbestos warning statement and that every purchaser of a dwelling acknowledge that the purchaser has read and understands the warning statement and had the 10-day period to conduct a risk assessment or inspection.