assembly Bill A7876A

2021-2022 Legislative Session

Requires disclosure of information concerning flood insurance on residential leases

download bill text pdf

Sponsored By

Current Bill Status Via S5472 - Passed Senate & Assembly


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 03, 2022 returned to senate
passed assembly
Jun 01, 2022 ordered to third reading rules cal.539
substituted for a7876a
Jun 01, 2022 substituted by s5472a
rules report cal.539
reported
May 31, 2022 reported referred to rules
May 20, 2022 print number 7876a
May 20, 2022 amend (t) and recommit to judiciary
Jan 05, 2022 referred to judiciary
May 28, 2021 referred to judiciary

Votes

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Mar 14, 2022 - Judiciary committee Vote

S5472
9
5
committee
9
Aye
5
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Mar 14, 2022

aye wr (1)

Apr 20, 2021 - Judiciary committee Vote

S5472
9
3
committee
9
Aye
3
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Apr 20, 2021

aye wr (3)

Co-Sponsors

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A7876 - Details

See Senate Version of this Bill:
S5472
Law Section:
Real Property Law
Laws Affected:
Add §231-b, RP L
Versions Introduced in 2019-2020 Legislative Session:
S8439

A7876 - Summary

Requires every residential lease to provide notice of information concerning flood insurance.

A7876 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7876
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 28, 2021
                                ___________
 
 Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
   tee on Judiciary
 
 AN ACT to amend the real property law, in relation to requiring  disclo-
   sure  of  information concerning flood insurance on property condition
   disclosure statements; and to repeal section 467 of the real  property
   law relating to liability with respect to property disclosures
 
   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,  as
 added by chapter 456 of the laws of 2001, is amended to read as follows:
   2. The following shall be the disclosure form:
 
                  PROPERTY CONDITION DISCLOSURE STATEMENT
 
 NAME OF SELLER OR SELLERS:
 
 PROPERTY ADDRESS:
 
   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.
   PURPOSE OF STATEMENT: THIS IS A STATEMENT OF  CERTAIN  CONDITIONS  AND
 INFORMATION CONCERNING THE PROPERTY KNOWN TO THE SELLER. THIS DISCLOSURE
 STATEMENT  IS  NOT  A WARRANTY OF ANY KIND BY THE SELLER OR BY ANY AGENT
 REPRESENTING THE SELLER IN THIS TRANSACTION. IT IS NOT A SUBSTITUTE  FOR
 ANY  INSPECTIONS  OR  TESTS AND THE BUYER IS ENCOURAGED TO OBTAIN HIS OR
 HER OWN INDEPENDENT PROFESSIONAL INSPECTIONS AND ENVIRONMENTAL TESTS AND
 ALSO IS ENCOURAGED TO CHECK PUBLIC RECORDS PERTAINING TO THE PROPERTY.
   A KNOWINGLY FALSE OR INCOMPLETE STATEMENT BY THE SELLER ON  THIS  FORM
 MAY  SUBJECT  THE  SELLER  TO  CLAIMS BY THE BUYER PRIOR TO OR AFTER THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Co-Sponsors

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A7876A (ACTIVE) - Details

See Senate Version of this Bill:
S5472
Law Section:
Real Property Law
Laws Affected:
Add §231-b, RP L
Versions Introduced in 2019-2020 Legislative Session:
S8439

A7876A (ACTIVE) - Summary

Requires every residential lease to provide notice of information concerning flood insurance.

A7876A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7876--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 28, 2021
                                ___________
 
 Introduced  by  M.  of  A.  CARROLL, WALKER, GALLAGHER, BARNWELL, JONES,
   ANDERSON, STERN, ROZIC, QUART, PAULIN, CYMBROWITZ,  GOTTFRIED,  DINOW-
   ITZ,  GRIFFIN,  NOLAN, ABINANTI, SANTABARBARA, L. ROSENTHAL, McDONALD,
   LAVINE, THIELE, OTIS, HEVESI, DAVILA, SEAWRIGHT, D. ROSENTHAL,  LUPAR-
   DO,  JACOBSON,  FERNANDEZ,  O'DONNELL,  CUSICK, KELLES, BURDICK, FAHY,
   GALEF, STECK, MAGNARELLI, WOERNER,  BARRETT,  STIRPE,  SIMON,  HUNTER,
   DURSO,  GANDOLFO,  NIOU, CRUZ, MIKULIN, MONTESANO, ENGLEBRIGHT -- read
   once and referred to the Committee on Judiciary -- 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 requiring disclo-
   sure of information concerning flood insurance on residential leases
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.   The real property law is amended by adding a new section
 231-b to read as follows:
   § 231-B. FLOOD HISTORY AND RISK NOTICE IN RESIDENTIAL LEASES. 1. EVERY
 RESIDENTIAL LEASE SHALL PROVIDE  NOTICE  OF  THE  FOLLOWING  INFORMATION
 RELATED  TO  THE  PREVIOUS  FLOOD  HISTORY AND CURRENT FLOOD RISK OF THE
 LEASED PREMISES, AS FOLLOWS:
   (A) WHETHER ANY OR ALL OF THE LEASED PREMISES  IS  LOCATED  WHOLLY  OR
 PARTIALLY  IN  A FEDERAL EMERGENCY MANAGEMENT AGENCY ("FEMA") DESIGNATED
 FLOODPLAIN;
   (B) WHETHER ANY OR ALL OF THE LEASED PREMISES  IS  LOCATED  WHOLLY  OR
 PARTIALLY  IN  THE  SPECIAL  FLOOD HAZARD AREA ("SFHA"; "100-YEAR FLOOD-
 PLAIN") ACCORDING TO FEMA'S CURRENT FLOOD INSURANCE RATE  MAPS  FOR  THE
 LEASED PREMISES' AREA;
   (C)  WHETHER  ANY  OR  ALL OF THE LEASED PREMISES IS LOCATED WHOLLY OR
 PARTIALLY IN A MODERATE RISK FLOOD HAZARD AREA  ("500-YEAR  FLOODPLAIN")

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02362-03-2
 A. 7876--A                          2