Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 07, 2010 |
print number 1364b |
Apr 07, 2010 |
amend and recommit to judiciary |
Jan 06, 2010 |
referred to judiciary |
Apr 02, 2009 |
print number 1364a |
Apr 02, 2009 |
amend and recommit to judiciary |
Jan 07, 2009 |
referred to judiciary |
Assembly Bill A1364
2009-2010 Legislative Session
Sponsored By
BRODSKY
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2009-A1364 - Details
- Current Committee:
- Assembly Judiciary
- Laws Affected:
- Rpld & add §462 sub 2, amd §§464 & 465, RP L
2009-A1364 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1364 2009-2010 Regular Sessions I N A S S E M B L Y (PREFILED) January 7, 2009 ___________ Introduced by M. of A. BRODSKY, PHEFFER -- read once and referred to the Committee on Judiciary AN ACT to amend the real property law, in relation to property condition disclosure in the sale of residential real property; and to repeal subdivision 2 of section 462 of such law relating to the property condition disclosure statement THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 462 of the real property law is REPEALED and a new subdivision 2 is added to read as follows: 2. THE FOLLOWING SHALL BE THE DISCLOSURE FORM: PROPERTY CONDITION DISCLOSURE STATEMENT NAME OF SELLER OR SELLERS: PROPERTY ADDRESS: PURPOSE OF THE PROPERTY CONDITION DISCLOSURE STATEMENT: THE PROPERTY CONDITION DISCLOSURE ACT REQUIRES THE SELLER OF RESIDEN- TIAL REAL PROPERTY TO CAUSE THIS DISCLOSURE STATEMENT OR A COPY THEREOF TO BE DELIVERED TO A BUYER OR BUYER'S AGENT PRIOR TO THE SIGNING BY THE BUYER OF A BINDING CONTRACT OF SALE. YOUR OBLIGATIONS AS A SELLER OF RESIDENTIAL REAL PROPERTY SELLERS MUST ANSWER THE QUESTIONS ON THE FORM BASED UPON PROPERTY CONDITIONS THAT THE SELLER KNOWS TO EXIST OR HAVE EXISTED, INCLUDING THOSE CONDITIONS MADE KNOWN TO THE SELLER BY OTHERS. THE SELLER IS NOT REQUIRED TO INVESTIGATE THE PROPERTY IN ORDER TO ANSWER THE QUESTIONS. "RESIDENTIAL REAL PROPERTY" MEANS REAL PROPERTY IMPROVED BY A ONE TO FOUR FAMILY DWELLING USED OR OCCUPIED, OR INTENDED TO BE USED OR OCCU- PIED, WHOLLY OR PARTLY, AS THE HOME OR RESIDENCE OF ONE OR MORE PERSONS, BUT SHALL NOT REFER TO (A) UNIMPROVED REAL PROPERTY UPON WHICH SUCH DWELLINGS ARE TO BE CONSTRUCTED OR (B) CONDOMINIUM UNITS OR COOPERATIVE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2009-A1364A - Details
- Current Committee:
- Assembly Judiciary
- Laws Affected:
- Rpld & add §462 sub 2, amd §§464 & 465, RP L
2009-A1364A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1364--A 2009-2010 Regular Sessions I N A S S E M B L Y (PREFILED) January 7, 2009 ___________ Introduced by M. of A. BRODSKY, PHEFFER, SCHROEDER -- read once and referred to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the real property law, in relation to property condition disclosure in the sale of residential real property; and to repeal subdivision 2 of section 462 of such law relating to the property condition disclosure statement THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 462 of the real property law is REPEALED and a new subdivision 2 is added to read as follows: 2. THE FOLLOWING SHALL BE THE DISCLOSURE FORM: PROPERTY CONDITION DISCLOSURE STATEMENT NAME OF SELLER OR SELLERS: PROPERTY ADDRESS: PURPOSE OF THE PROPERTY CONDITION DISCLOSURE STATEMENT: THE PROPERTY CONDITION DISCLOSURE ACT REQUIRES THE SELLER OF RESIDEN- TIAL REAL PROPERTY TO CAUSE THIS DISCLOSURE STATEMENT OR A COPY THEREOF TO BE DELIVERED TO A BUYER OR BUYER'S AGENT PRIOR TO THE SIGNING BY THE BUYER OF A BINDING CONTRACT OF SALE. YOUR OBLIGATIONS AS A SELLER OF RESIDENTIAL REAL PROPERTY SELLERS MUST ANSWER THE QUESTIONS ON THE FORM BASED UPON PROPERTY CONDITIONS THAT THE SELLER KNOWS TO EXIST OR HAVE EXISTED, INCLUDING THOSE CONDITIONS MADE KNOWN TO THE SELLER BY OTHERS. THE SELLER IS NOT REQUIRED TO INVESTIGATE THE PROPERTY IN ORDER TO ANSWER THE QUESTIONS. "RESIDENTIAL REAL PROPERTY" MEANS REAL PROPERTY IMPROVED BY A ONE TO FOUR FAMILY DWELLING USED OR OCCUPIED, OR INTENDED TO BE USED OR OCCU- PIED, WHOLLY OR PARTLY, AS THE HOME OR RESIDENCE OF ONE OR MORE PERSONS, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
Audrey Pheffer
Mark J.F. Schroeder
Donna Lupardo
Ellen C. Jaffee
multi-Sponsors
Nancy Calhoun
George Latimer
Thomas F. O'Mara
2009-A1364B (ACTIVE) - Details
- Current Committee:
- Assembly Judiciary
- Laws Affected:
- Rpld & add §462 sub 2, amd §§464 & 465, RP L
2009-A1364B (ACTIVE) - Sponsor Memo
BILL NUMBER:A1364B TITLE OF BILL: An act to amend the real property law, in relation to property condition disclosure in the sale of residential real property; and to repeal subdivision 2 of section 462 of such law relating to the property condition disclosure statement PURPOSE OR GENERAL IDEA OF BILL: To revise the current property condi- tion disclosure statement in order to make the statement more comprehen- sive and consumer-friendly. SUMMARY OF SPECIFIC PROVISIONS: Section 1 repeals subdivision 2 of section 462 of the real property law, the current property condition disclosure statement, and a new subdivision 2 is provided. The primary changes in the new form include the elimination of "Unknown" as a possi- ble answer to the seller and the consolidation or New York State mandated disclosure requirements within the new statement. Section 2 amends section 464 of the real property law to make clear that the seller is not required to provide a revised property condition disclosure statement solely because of receipt of an inspection report from the purchaser's inspector. Section 3 amends subdivision 1 of section 465 of the real property law to clarify that a $500 credit is due to buyer if the buyer does not receive a "complete" property condition disclosure statement from the
2009-A1364B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1364--B 2009-2010 Regular Sessions I N A S S E M B L Y (PREFILED) January 7, 2009 ___________ Introduced by M. of A. BRODSKY, PHEFFER, SCHROEDER, LUPARDO -- Multi- Sponsored by -- M. of A. LATIMER -- read once and referred to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Judiciary in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property law, in relation to property condition disclosure in the sale of residential real property; and to repeal subdivision 2 of section 462 of such law relating to the property condition disclosure statement THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 462 of the real property law is REPEALED and a new subdivision 2 is added to read as follows: 2. THE FOLLOWING SHALL BE THE DISCLOSURE FORM: PROPERTY CONDITION DISCLOSURE STATEMENT NAME OF SELLER OR SELLERS: PROPERTY ADDRESS: PURPOSE OF THE PROPERTY CONDITION DISCLOSURE STATEMENT: THE PROPERTY CONDITION DISCLOSURE ACT REQUIRES THE SELLER OF RESIDEN- TIAL REAL PROPERTY TO CAUSE THIS DISCLOSURE STATEMENT OR A COPY THEREOF TO BE DELIVERED TO A BUYER OR BUYER'S AGENT PRIOR TO THE SIGNING BY THE BUYER OF A BINDING CONTRACT OF SALE. YOUR OBLIGATIONS AS A SELLER OF RESIDENTIAL REAL PROPERTY SELLERS MUST ANSWER THE QUESTIONS ON THE FORM BASED UPON PROPERTY CONDITIONS THAT THE SELLER KNOWS TO EXIST OR HAVE EXISTED, INCLUDING THOSE CONDITIONS MADE KNOWN TO THE SELLER BY OTHERS. THE SELLER IS NOT REQUIRED TO INVESTIGATE THE PROPERTY IN ORDER TO ANSWER THE QUESTIONS. "RESIDENTIAL REAL PROPERTY" MEANS REAL PROPERTY IMPROVED BY A ONE TO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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