New York legislation · 2025-2026 General Assembly
New York S7541: Establishes transparency guidelines for condominiums and cooperative housing units
Status: In committee, June 5, 2026
Requires that when a buyer enters into a contract to purchase a condominium or cooperative housing unit, the property management company or board of managers shall provide the buyer with records of the most recent inspection and engineering reports and permits for the subject property.
What the bill says
An act to amend the real property law, in relation to establishing transparency guidelines for condominiums and cooperative housing units.
From the introduced text, April 22, 2025:
AN ACT to amend the real property law, in relation to establishing transparency guidelines for condominiums and cooperative housing units THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. This Legislature hereby finds that on June 24, 2021, Champlain Towers South, a 12-story condominium in Surfside, Florida experienced a partial collapse that resulted in the deaths of 98 residents, becoming the third-deadliest non-deliberate structural engineering failure in United States history. In the wake of such a tragedy, this Legislature understands that there are currently no existing statewide regulations which would require that condominium or cooperative housing associations' property management company or board of managers make information regarding any inspections, permits, or engineering reports available to unit owners and purchasers. Additionally, this Legislature finds that in Myrtle Beach, South Carolina, residents of the Renaissance Towers condominium are currently embroiled in an ongoing lawsuit after 300 units were evacuated after the building was deemed unsafe by Horry County Code Enforcement on October 7, 2022. These unit owners reported that the board of managers had failed to document or inform unit owners of the findings of engineering reports for over 20 years prior to the evacuation. This Legislature determines that transparency of reporting inspections, permits and engineering reports would provide residents …
Sponsors
- Siela Bynoe (D, 6) · primary sponsor
Latest actions
- : COMMITTED TO RULES
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
- : 1ST REPORT CAL.673
- : REFERRED TO JUDICIARY
- : RETURNED TO SENATE
- : DIED IN ASSEMBLY
- : REFERRED TO HOUSING
- : DELIVERED TO ASSEMBLY
- : PASSED SENATE
Votes
- Senate Judiciary Committee: COMMITTEE Vote (March 31, 2026): 18 yea, 1 nay, passed
- Judiciary Committee Vote (March 31, 2026): 18 yea, 1 nay, passed
- FLOOR Vote (June 11, 2025): 58 yea, 0 nay, passed
- FLOOR Vote (June 11, 2025): 58 yea, 1 nay, passed
- Senate Rules Committee: COMMITTEE Vote (June 9, 2025): 21 yea, 0 nay, passed
- Rules Committee Vote (June 9, 2025): 21 yea, 0 nay, passed
Subjects: Real Property Law
Common questions
- What is S7541?
- S7541 is a bill in the New York Legislature (2025-2026 General Assembly): Establishes transparency guidelines for condominiums and cooperative housing units.
- What does S7541 do?
- In its own words: An act to amend the real property law, in relation to establishing transparency guidelines for condominiums and cooperative housing units.
- What is the status of S7541?
- In committee as of June 5, 2026. Latest action: COMMITTED TO RULES (June 5, 2026).
- Who sponsored S7541?
- Siela Bynoe (D, 6).
- Where is the official record for S7541?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S7541
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.