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NY A10895
Bill
Status
8/17/2020
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Adds indoor mold to the list of hazardous substances that must be disclosed on the Property Condition Disclosure Statement when selling residential real property.
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Requires sellers to answer whether the property has been tested for indoor mold and to attach a copy of any test report (new question 19-a on the disclosure form).
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Applies to residential real property consisting of one to four family dwellings, but excludes unimproved property, condominium units, cooperative apartments, and non-fee simple homeowners' association properties.
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Sellers must disclose based on actual knowledge at the time of signing the disclosure statement, with penalties for knowingly false or incomplete statements.
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Takes effect 180 days after becoming law and applies to contracts of sale entered into on or after that date.
Legislative Description
Relates to the remediation and prevention of indoor mold; requires the disclosure of indoor mold history upon the sale of certain real property; requires notification to prospective lessees; directs the commissioner of housing and community renewal and the commissioner of health to promulgate rules and standards for the remediation and prevention of indoor mold.
Last Action
referred to housing
8/17/2020