Bill Text: NY A10618 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 10618 (Prior Session Legislation)

Introduced

Bill Title: Requires sellers to provide a written disclosure to purchasers stating whether property is located within a half mile of a superfund site and requires such notice to be signed by both the seller and the purchaser and attached to the contract of sale or exchange.

Spectrum: Strong Partisan Bill (Republican 10-1)

Status: (Introduced - Dead) 2020-06-10 - referred to judiciary [A10618 Detail]

Download: New_York-2019-A10618-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          10618

                   IN ASSEMBLY

                                      June 10, 2020
                                       ___________

        Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Montesano)
          -- read once and referred to the Committee on Judiciary

        AN ACT to amend the real property law, in relation to disclosure of real
          property located within a half mile of a superfund site

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  The  real property law is amended by adding a new section
     2  333-d to read as follows:
     3    § 333-d. Property located near a superfund site; disclosure. 1.   When
     4  any  purchase and sales contract is presented for the sale, purchase, or
     5  exchange of real property located within one half mile of an area desig-
     6  nated as a superfund site pursuant to either Chapter 103 of  Section  42
     7  of  the  United  States Code and/or section 27-1303 of the environmental
     8  conservation law, the prospective grantor shall present to the  prospec-
     9  tive grantee a disclosure notice stating whether the subject property is
    10  located within a half mile of a superfund site.
    11    2.  Such  disclosure notice shall be signed by the prospective grantor
    12  and grantee prior to the signing by the grantee of a binding contract of
    13  purchase or exchange.   A copy  of  such  disclosure  notice  containing
    14  signatures of both the grantor and grantee shall be attached to the real
    15  estate purchase or exchange contract.
    16    3.  Failure  of  the  seller  to provide such information to the buyer
    17  shall not prevent the recording officer from filing such deed.
    18    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16571-02-0