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This entry was published on 2014-09-22
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Liability on obligations
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 18-A
§ 1106-j. Liability on obligations. 1. Except for obligations which
the corporation assumes by contract for the construction, rehabilitation
and development period of any project, neither the corporation, the New
York state housing finance agency nor the state shall have any
responsibility or liability as to construction, rehabilation, operation,
maintenance, repair or use of projects unless otherwise specifically
provided by law.

2. Any contract entered into pursuant to this section between the
corporation and an eligible applicant, or eligible owner of a project
shall cite and set forth subdivision one of this section.