New York A07803 mandates cooperative housing corporations to provide a written statement of reasons when withholding consent to a purchase.

New York Assembly Bill A07803 amends the civil rights law to address concerns about unlawful rejections by boards of directors in cooperative housing markets. The bill requires cooperative housing corporations to provide a prospective purchaser with a written statement of reasons for withholding consent to a purchase within thirty days. Any agreement inconsistent with this requirement is void and unenforceable. This measure aims to protect consumers from potential unlawful discrimination in the cooperative housing market.

New York A07803 mandates cooperative housing corporations to provide a written statement of reasons when withholding consent to a purchase.

New York Assembly Bill A07803 amends the civil rights law to address concerns about unlawful rejections by boards of directors in cooperative housing markets. The bill requires cooperative housing corporations to provide a prospective purchaser with a written statement of reasons for withholding consent to a purchase within thirty days. Any agreement inconsistent with this requirement is void and unenforceable. This measure aims to protect consumers from potential unlawful discrimination in the cooperative housing market.