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 pipes on those properties, unless the pipes are owned by the utility company. It applies to all foreclosed properties after the bill takes effect, directly affecting lenders who sell or transfer such properties. The key provision mandates removal of lead pipes - excluding utility-owned lines - to prevent ongoing lead exposure, which is a significant health risk, especially for children. The bill aims to address lead contamination in water by holding financial institutions accountable for property maintenance post-foreclosure.