LAW-49-15-00011-A Disclosure Requirements for Condominium Offerors Renting, Rather Than Selling, Unsold Condominium Units  

  • 3/30/16 N.Y. St. Reg. LAW-49-15-00011-A
    NEW YORK STATE REGISTER
    VOLUME XXXVIII, ISSUE 13
    March 30, 2016
    RULE MAKING ACTIVITIES
    DEPARTMENT OF LAW
    NOTICE OF ADOPTION
     
    I.D No. LAW-49-15-00011-A
    Filing No. 310
    Filing Date. Mar. 15, 2016
    Effective Date. Apr. 15, 2016
    Disclosure Requirements for Condominium Offerors Renting, Rather Than Selling, Unsold Condominium Units
    PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
    Action taken:
    Amendment of Part 20 of Title 13 NYCRR.
    Statutory authority:
    General Business Law, section 352-e(2-b)
    Subject:
    Disclosure requirements for condominium offerors renting, rather than selling, unsold condominium units.
    Purpose:
    To clarify a condominium offeror's disclosure obligations in a newly-constructed, vacant, or non-residential condominium.
    Text or summary was published
    in the December 9, 2015 issue of the Register, I.D. No. LAW-49-15-00011-P.
    Final rule as compared with last published rule:
    No changes.
    Text of rule and any required statements and analyses may be obtained from:
    Jacqueline Dischell, Department of Law, 120 Broadway, 23rd Floor, New York, NY 10271, (212) 416-8655, email: jackie.dischell@ag.ny.gov
    Initial Review of Rule
    As a rule that requires a RFA, RAFA or JIS, this rule will be initially reviewed in the calendar year 2017, which is no later than the 3rd year after the year in which this rule is being adopted.
    Assessment of Public Comment
    The agency received no public comment.

Document Information

Effective Date:
4/15/2016
Publish Date:
03/30/2016