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NY A10294

Bill

Official Source

Status

Introduced

5/17/2024

Primary Sponsor

Kenneth Burgos

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends the real property law to require sellers to provide a sworn affidavit as part of the real property transfer form
  • Affidavit must state that the seller was informed of the fair market value of the property by the buyer and include an estimate of that fair market value
  • Changes the requirement ending subparagraph 8 from a period to a semicolon to accommodate the new provision
  • Takes effect 180 days after becoming law, with authority for implementing rules and regulations to be completed by that date

Legislative Description

Requires a sworn affidavit stating the seller was informed of the fair market value of the property which includes an estimate of the fair market value of the property be included in the real property transfer form.

Last Action

enacting clause stricken

7/22/2024

Committee Referrals

Judiciary5/17/2024

Full Bill Text

No bill text available