This law addresses the problem of carbon monoxide poisoning, which is the leading cause of accidental deaths in the United States. Carbon monoxide is an odorless gas produced whenever any fuel is burned.
If you are in the process of refinancing currently or are thinkining about refinancing, make sure you have a Carbon Monoxide Detector installed before the appraiser comes by, or you’ll pay an extra 100 bucks to have them come back out and “reinspect” for that Carbon Monoxide Detector.
Because it’s a California requirement, lenders will not fund loan until you have the detector installed and it is verified by a licensed appraiser.
Sellers are required to have Carbon Monoxide Detectors in place before the home is sold, and Landlords must have them in their rentals.
If you are lucky enough to own stock in a company that makes these detectors, then you might be seeing some serious financial gain in the near future now that every residence in the great state of California is required by law to have one installed.
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