NY A01505

Requires condominium and cooperative boards to process all owner applications and dispute resolution requests in a reasonably expeditious manner with written decisions that include reasons for any denials

Mandates posting of election results with vote tallies within one business day, and requires board vacancies to be filled within 60 days if occurring more than six months before the annual meeting

Requires board members who sell their units to resign from the board no later than the closing date of the sale

Guarantees owners access to financial statements covering three years, board meeting minutes, bank statements, bids over $5,000, and consultant reports upon 10 days written notice, with required disclosure of board member conflicts of interest exceeding $100

Authorizes the Attorney General to enforce these provisions and investigate complaints, and requires the AG to publish a handbook summarizing owner rights within six months of the act's effective date