Disclosures on the presence and amount of radon in homes may soon become mandatory for all lenders, but if the final version being mulled by the Senate resembles the bill passed by the House, lenders may breathe a collective sigh of relief.

The bill, the Radon Awareness and Disclosure Act, H.R; 2448, was passed by the full House July 28, and calls for complete disclosure of any known radon measurement by lenders prior to the sale of a home, radon warning statements on mortgage contracts and the distribution of a radon hazard warning pamphlet, similar to that on cigarette packages.

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