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Bill > A07876

NY A07876

NY A07876
Requires every residential lease to provide notice of information concerning flood insurance.

summary

Introduced
05/28/2021
In Committee
06/01/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

AN ACT to amend the real property law, in relation to requiring disclosure of information concerning flood insurance on property condition disclosure statements; and to repeal section 467 of the real property law relating to liability with respect to property disclosures

AI Summary

This bill requires every residential lease to provide notice of information concerning the flood history and current flood risk of the leased premises, including whether the property is located in a FEMA-designated floodplain or Special Flood Hazard Area, and whether the property has experienced any flood damage in the past. The bill also requires the lease to include a notice informing tenants that flood insurance is available through the National Flood Insurance Program, as a standard renter's insurance policy typically does not cover flood damage.

Committee Categories

Justice

Sponsors (55)

Robert Carroll (D)*,  Thomas Abinanti (D),  Khaleel Anderson (D),  Brian Barnwell (D),  Didi Barrett (D),  Chris Burdick (D),  William Colton (D),  Catalina Cruz (D),  Michael Cusick (D),  Steven Cymbrowitz (D),  Maritza Davila (D),  Jeffrey Dinowitz (D),  Michael Durso (R),  Steven Englebright (D),  Patricia Fahy (D),  Nathalia Ferna´ndez (D),  Sandy Galef (D),  Emily Gallagher (D),  Jarett Gandolfo (R),  Eddie Gibbs (D),  Richard Gottfried (D),  Judy Griffin (D),  Andrew Hevesi (D),  Pamela Hunter (D),  Jonathan Jacobson (D),  Billy Jones (D),  Anna Kelles (D),  Charles Lavine (D),  Jen Lunsford (D),  Donna Lupardo (D),  Bill Magnarelli (D),  John McDonald (D),  Karen McMahon (D),  John Mikulin (R),  Michael Montesano (R),  Yuh-Line Niou (D),  Catherine Nolan (D),  Danny O'Donnell (D),  Steve Otis (D),  Amy Paulin (D),  N. Nick Perry (D),  Dan Quart (D),  David Rosenthal (D),  Linda Rosenthal (D),  Nily Rozic (D),  Angelo Santabarbara (D),  Rebecca Seawright (D),  Jo Anne Simon (D),  Phil Steck (D),  Steve Stern (D),  Al Stirpe (D),  Fred Thiele (D),  Latrice Walker (D),  David Weprin (D),  Carrie Woerner (D), 

Last Action

substituted by s5472a (on 06/01/2022)
(1 Companion Bills)

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