ยง 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.
Structure New York Laws