2012 New York Consolidated Laws
RPP - Real Property
Article 15 - (470 - 476) PROHIBITION AND DISCLOSURE OF PRIVATE TRANSFER FEE OBLIGATIONS
474 - Liability for violation.


NY Real Prop L § 474 (2012) What's This?
 
    §  474. Liability for violation. Any person who records or enters into
  an agreement imposing a private transfer fee obligation in  their  favor
  or  in  the  favor  of  a  third  party after the effective date of this
  section shall be liable for (1) any and all damages resulting  from  the
  imposition of the transfer fee obligation on the transfer of an interest
  in  the  real property, including, without limitation, the amount of any
  transfer fee paid by a party to the transfer,  and  (2)  all  attorneys'
  fees,  expenses  and  costs  incurred  by  a  party  to  the transfer or
  mortgagee of the real property to recover any transfer fee  paid  or  in
  connection  with an action to quiet title. Where an agent acts on behalf
  of a principal to record or secure a private  transfer  fee  obligation,
  liability shall be assessed to the principal, rather than the agent.

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