Current as of January 01, 2021 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - New York Consolidated Laws, Real Property Law - RPP § 465. Remedy - last updated January 01, 2021 | https://codes.findlaw.com/ny/real-property-law/rpp-sect-465.html
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