What are the requirements when a property is impacted by high pressure gas lines?

The Appraiser must identify if the dwelling or related property improvement is near high-pressure gas or liquid petroleum transmission pipelines or other volatile and explosive products, both aboveground and subsurface. The Appraiser must determine and report the marketability of the Property based on this analysis.

The Appraiser must notify the Mortgagee of the deficiency of Minimum Property Requirements (MPR) or Minimum Property Standards (MPS) if the Property is not located more than 10 feet from the nearest boundary of the pipeline Easement.

Handbook 4000.1 II.D.3.c.iii(C)(4) available at:

https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh 

 
 


All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-01236