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NY A07803
Bill
Status
4/11/2025
Primary Sponsor
Latrice Walker
Click for details
AI Summary
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Requires cooperative housing corporations to provide prospective purchasers with a written statement explaining the reasons for rejecting their purchase application within 30 days of the decision to withhold consent
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Maintains existing prohibition against co-op corporations withholding consent to sales based on race, creed, national origin, or sex of the purchaser
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Defines "corporation" broadly to include cooperative management, tenants, shareholders, and any appointees or successors in interest
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Renders void and unenforceable any agreement, covenant, or provision inconsistent with these disclosure requirements
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Takes effect 90 days after becoming law
Legislative Description
Requires cooperative housing corporations provide a prospective purchaser with a written statement of reasons when withholding consent to a purchase; voids any agreement inconsistent with such requirement.
Last Action
referred to governmental operations
1/7/2026