N.Y. Real Prop. Acts. Law § 465
Liability
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2025
As of January 1, 2015
§ 465. Remedy. 1. In the event a seller fails to perform the duty\nprescribed in this article to deliver a disclosure statement prior to\nthe signing by the buyer of a binding contract of sale, the buyer shall\nreceive upon the transfer of title a credit of five hundred dollars\nagainst the agreed upon purchase price of the residential real property.\n 2. Any seller who provides a property condition disclosure statement\nor provides or fails to provide a revised property condition disclosure\nstatement shall be liable only for a willful failure to perform the\nrequirements of this article. For such a willful failure, the seller\nshall be liable for the actual damages suffered by the buyer in addition\nto any other existing equitable or statutory remedy.\n
§ 465. Liability. 1. Nothing contained in this article shall be\nconstrued as limiting any existing legal cause of action or remedy at\nlaw, in statute or in equity.\n 2. Any seller who provides a property condition disclosure statement\nor provides or fails to provide a revised property condition disclosure\nstatement shall be liable only for a willful failure to perform the\nrequirements of this article. For such a willful failure, the seller\nshall be liable for the actual damages suffered by the buyer in addition\nto any other existing equitable or statutory remedy.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.