NY S01446

Adds indoor mold to the list of hazardous substances that must be disclosed in the Property Condition Disclosure Statement for residential real property sales in New York.

Requires sellers to answer whether the property has been tested for indoor mold on the disclosure form, with instructions to attach a copy of any test report if testing has occurred.

Applies to contracts of sale for residential real property (one to four family dwellings) entered into 180 days after the act becomes law.

Establishes that knowingly false or incomplete disclosure statements may subject sellers to buyer claims, with a $500 credit against purchase price if the seller fails to deliver the disclosure prior to signing a binding contract.