Requires financial institution that has foreclosed on property to remove water service lines that contain lead.

This bill requires financial institutions (like banks) that foreclose on properties to remove all lead water service lines before selling or transferring the property, except for lines owned by utility companies. It directly affects lenders who acquire homes through foreclosure, mandating them to replace lead pipes that pose health risks. The key provision sets a clear requirement for lead pipe removal prior to sale, applying immediately to all foreclosures after enactment. This aims to prevent ongoing lead exposure in drinking water, particularly for children, by addressing a major source of contamination in privately owned properties.