Skoufis bill to uncloak anonymous real estate LLCs signed into law

Senator James Skoufis (D-Hudson Valley) and Assemblyman Ken Zebrowski (D-Rockland) announced this week that their legislation to require disclosure of residential properties owned by limited liability companies (LLCs) was signed into law by the Governor.

Under the new law, anonymous LLCs will now be required to share the names and contact information for all owners, managers and agents associated with the company at the time of a real estate transaction.