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2012 New York Consolidated Laws
RPP - Real Property
Article 14 - (460 - 467) PROPERTY CONDITION DISCLOSURE IN THE SALE OF RESIDENTIAL REAL PROPERTY
465 - Remedy.


NY Real Prop L § 465 (2012) What's This?
 
    §  465.  Remedy.  1.  In  the event a seller fails to perform the duty
  prescribed in this article to deliver a disclosure  statement  prior  to
  the  signing by the buyer of a binding contract of sale, the buyer shall
  receive upon the transfer of title a  credit  of  five  hundred  dollars
  against the agreed upon purchase price of the residential real property.
    2.  Any  seller who provides a property condition disclosure statement
  or provides or fails to provide a revised property condition  disclosure
  statement  shall  be  liable  only  for a willful failure to perform the
  requirements of this article. For such a  willful  failure,  the  seller
  shall be liable for the actual damages suffered by the buyer in addition
  to any other existing equitable or statutory remedy.

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