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NY S05097

Bill

Status

Introduced

2/23/2021

Primary Sponsor

James Sanders

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends the Property Condition Disclosure Statement form to require sellers of residential real property (1-4 family dwellings) to disclose indoor mold history to buyers prior to signing a binding contract of sale.

  • Adds indoor mold to the list of hazardous or toxic substances that sellers must disclose, alongside existing requirements for petroleum products, asbestos, lead, radon, and other environmental hazards.

  • Requires sellers to answer a new question (19-a) regarding whether the property has been tested for indoor mold and to attach test reports if available.

  • Takes effect 180 days after enactment and applies to all real property sale contracts entered into on or after the effective date.

Legislative Description

Requires the disclosure of indoor mold history upon the sale of certain real property.

Last Action

SUBSTITUTED BY A3714

6/1/2022

Committee Referrals

Rules6/1/2022
Finance3/9/2022
Housing, Construction, and Community Development1/5/2022
Rules6/10/2021
Housing, Construction, and Community Development2/23/2021

Full Bill Text

No bill text available