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NY A09629
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Sarah Clark
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AI Summary
- Establishes a 10-business-day inspection period (not exceeding 14 calendar days) for home buyers to have residential properties of up to four units inspected by a licensed home inspector after signing a purchase agreement
- Prohibits sellers and their agents from conditioning acceptance of a purchase offer on the buyer waiving, limiting, or foregoing their right to inspection, except for auction sales or sales to relatives/former spouses pursuant to court orders
- Allows buyers to cancel the purchase agreement by 5:00 p.m. on the last day of the inspection period if unsatisfied with inspection results, with full refund of deposits required
- Imposes civil penalties on non-compliant sellers of up to 4% of the listed asking price or $10,000 (whichever is greater), plus liability for all damages; agent violations constitute unfair and deceptive practices
- Requires the Department of State to develop a mandatory right-to-inspection advisory form that must be signed by both buyer and seller and attached to purchase contracts
Legislative Description
Establishes the right to inspection of homes by buyers; provides for a 10-day inspection period where the buyer has the right to have a home inspected and cancel the contract if the buyer is not satisfied with the inspection results; makes related provisions.
Last Action
print number 9629b
2/26/2026
Committee Referrals
Judiciary1/21/2026
Full Bill Text
No bill text available