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

S 4195 requires financial institutions (like banks) that foreclose on properties to remove all lead water service lines on those properties before selling them, unless the lines are owned by the utility company. This directly affects the financial institutions handling foreclosures and future property owners who would otherwise face lead exposure through water pipes. The bill mandates removal of lead pipes - excluding utility-owned lines - before property transfer, applying to all foreclosures after the law takes effect. It aims to prevent ongoing lead contamination in drinking water, which is a significant health risk, especially for children.