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NY A00884
Bill
Status
1/11/2023
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Requires auditors to disclose in writing any documents or evidence that would materially impact their professional findings about the fiscal health of a condominium, cooperative apartment building, or cooperative community.
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Mandates disclosure be made to prospective buyers, current owners, and the condominium board or cooperative board within a reasonable time after discovery.
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Obligates auditors to provide a copy of the completed report to prospective buyers, current owners, and board members upon written request within a reasonable time.
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Takes effect immediately upon enactment.
Legislative Description
Relates to the disclosure of information on the fiscal health of a condominium, cooperative apartment building or cooperative community to prospective buyers, current owners and the condominium board or the cooperative board.
Last Action
referred to housing
1/3/2024