Assembly Bill A7111

2017-2018 Legislative Session

Requires applications to purchase condominiums or cooperatives to be acted upon within forty-five days, failure to do so results in automatic approval

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2017-A7111 (ACTIVE) - Details

See Senate Version of this Bill:
S2540
Current Committee:
Assembly Housing
Law Section:
Real Property Law
Laws Affected:
Add Art 11 §§360 - 364, RP L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10731
2011-2012: A2163
2013-2014: A2556
2015-2016: A1120, S5644

2017-A7111 (ACTIVE) - Summary

Requires applications to purchase condominiums or cooperatives to be acted upon within forty-five days; failure to do so results in automatic approval.

2017-A7111 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7111
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 10, 2017
                                ___________
 
 Introduced  by  M.  of A. LAVINE, O'DONNELL, SKOUFIS, GIGLIO, LUPINACCI,
   PALUMBO -- Multi-Sponsored by -- M. of A.  FINCH,  PALMESANO  --  read
   once and referred to the Committee on Housing
 
 AN  ACT  to  amend  the  real  property  law, in relation to cooperative
   purchase applications

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Legislative  findings.  The  legislature hereby finds and
 declares that residential cooperative purchasers are  subject  to  proc-
 esses  and  conditions  that  do  not  also apply to purchasers of other
 single family residences. The legislature also finds  that  these  proc-
 esses  and  conditions,  at  a minimum, give the appearance and have the
 potential to be misused to illegally discriminate against a purchaser of
 cooperative housing. Because this state  strongly  opposes  all  illegal
 discrimination  and  promotes  fair  housing laws and regulations, it is
 essential that the process for purchasing a cooperative dwelling include
 additional safeguards to protect against  illegal  discrimination.  This
 act is not intended and does not diminish the duty of cooperative boards
 to uphold their established fiduciary duties. This act will significant-
 ly  improve  the transparency of the cooperative purchase process to the
 benefit of all parties involved in the transaction.
   § 2. The real property law is amended by adding a new  article  11  to
 read as follows:
                                ARTICLE 11
                           COOPERATIVE PURCHASE
                               APPLICATIONS
 
 SECTION 360. SHORT TITLE.
         361. DEFINITIONS.
         362. PURCHASE APPLICATIONS.
         363. ACTION UPON APPLICATIONS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.