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NY State — NY Real Property Law

§ 465 — SECTION 465 Liability

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Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.

What is NY RPL § 465?

Quick Answer

This section establishes that the provisions do not limit existing legal actions or remedies. It specifies that sellers who provide or fail to provide a property condition disclosure statement are liable only for willful failures, which can result in actual damages for buyers. Applies to property sellers and buyers.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 465 SECTION 465 Liability

RPL § 465

1.Nothing contained in this article shall be construed as limiting any existing legal cause of action or remedy at law, in statute or in equity.

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.

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