New York 2025 Session Status: Introduced

S7541 — Establishes transparency guidelines for condominiums and cooperative housing units

Last action — In Senate Committee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced April 22, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill ensures buyers of condominiums receive inspection and permit records before purchase.

This legislation mandates that property management or board of managers provide buyers with recent inspection and engineering reports when purchasing a condominium or cooperative housing unit. This aims to increase transparency in the buying process.

What this means for you
  • Consumers: Buyers of condominiums will receive crucial property information before finalizing their purchase.

Summary

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.

Bill Text

Action History

  1. COMMITTED TO RULES

  2. ADVANCED TO THIRD READING

  3. 2ND REPORT CAL.

  4. 1ST REPORT CAL.673

  5. REFERRED TO JUDICIARY

  6. RETURNED TO SENATE

  7. DIED IN ASSEMBLY

  8. REFERRED TO HOUSING

  9. DELIVERED TO ASSEMBLY

  10. PASSED SENATE

  11. ORDERED TO THIRD READING CAL.1645

  12. COMMITTEE DISCHARGED AND COMMITTED TO RULES

  13. REFERRED TO JUDICIARY

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

Show all 218 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S7541 do?
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.
Who sponsors S7541?
S7541 is sponsored by Siela Bynoe.
What is the current status of S7541?
This bill has been introduced in the Senate. Introduced April 22, 2025. It must pass committee before a floor vote.
Where can I track S7541?
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Last checked for changes 3 months ago · updated continuously

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