Requires a uniform process for considering applications to purchase condominiums or cooperatives.

New York Assembly Bill A07183 mandates that residential cooperative corporations establish uniform processes for reviewing applications to purchase condominiums or cooperatives. These processes must include acknowledging receipt of applications within twenty-one days, notifying applicants if their applications are incomplete, and requesting any additional materials needed. The cooperative corporation must also inform applicants when their application review is complete and whether their application is approved or denied.

Requires a uniform process for considering applications to purchase condominiums or cooperatives.

New York Assembly Bill A07183 mandates that residential cooperative corporations establish uniform processes for reviewing applications to purchase condominiums or cooperatives. These processes must include acknowledging receipt of applications within twenty-one days, notifying applicants if their applications are incomplete, and requesting any additional materials needed. The cooperative corporation must also inform applicants when their application review is complete and whether their application is approved or denied.