because the curent load center is a known fire hazerd, and some one install three prong outlets without accutal grounds. and there is a 60amp AC unit conneced to the primary disconnect box, which has long black fuses in it, with a small sub panel with two circular fuses in it. And we are not going to ask for the AC duct work that is on the roof to be insulated, or the roof to be recoated.
There is nothing in the code or anywhere else that I know of that requires that the FPE panel needs replacement. Now, your insurance company may require it be replaced, but how is that the seller's problem? That is between you and your insurance company.
If there are actual code violations, then I agree that those should be addressed by the seller, but having a FPE panel is not a code violation.
Answers based on the National Electric Code. Always check local amendments.
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