New York §470

Short title

Statute:
New York §470 · Law RPP (Real Property Law)
Topic:
General · Naming
Applies to:
HOA associations

Names Article 15 the 'Private Transfer Fee Obligation Act.'

short title; private transfer fee obligation act

📄 Read the official text at nysenate.gov →

Full statutory text
§ 470. Short title. This article shall be known and may be cited as the "private transfer fee obligation act."

How SoShiny helps with Short title

SoShiny is built around the Florida statutes from day one — every feature is included on every plan, with no add-ons or per-document fees. Start your community free and run it the way the statutes expect.

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Related sections in Law RPP

Frequently asked

What does New York §470 require?
Names Article 15 the 'Private Transfer Fee Obligation Act.'
Who does New York §470 apply to?
New York §470 applies to HOA associations in New York.
What happens if our condo or HOA doesn't comply with §470?
Non-compliance with this New York statute can expose the association and its officers to private civil suit, and (for offering-plan / sponsor matters under GBS) to enforcement action by the New York Attorney General's Real Estate Finance Bureau. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
Where can I read the official text of New York §470?
The official text is published by the New York State Legislature at nysenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Short title?
SoShiny is built around the Florida statutes from day one — every feature is included on every plan, with no add-ons or per-document fees. Start your community free and run it the way the statutes expect. Learn more →

Not legal advice. This page is a plain-English summary of New York §470 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New York-licensed attorney. For the official statutory text, see the link above.

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