NY A03169

Requires auditors to disclose any written documents or evidence that would materially impact their professional findings about the fiscal health of a condominium, cooperative apartment building, or cooperative community

Mandates disclosure to prospective buyers, current owners, and the condominium or cooperative board when such material information is discovered

Requires disclosures to be made in written form and delivered within a reasonable time after discovery

Allows prospective buyers, current owners, and boards to demand a copy of the completed auditor's report, which must be provided within a reasonable time after the request

Takes effect immediately upon passage