This text of New York § 463 (Exemptions) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 463. Exemptions. A property condition disclosure statement shall not\nbe required in connection with any of the following transfers of\nresidential real property:\n 1. A transfer pursuant to a court order, including, but not limited\nto, a transfer order by a probate court during the administration of a\ndecedent's estate, a transfer pursuant to a writ of execution, a\ntransfer by a trustee in bankruptcy or debtor-in-possession, a transfer\nas a result of the exercise of the power of eminent domain, and a\ntransfer that results from a decree for specific performance of a\ncontract or other agreement between two or more persons;\n 2. A transfer to mortgagee or an affiliate or agent thereof by a\nmortgagor by deed in lieu of foreclosure or in satisfaction of the\nmortgage debt;\n 3. A
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§ 463. Exemptions. A property condition disclosure statement shall not\nbe required in connection with any of the following transfers of\nresidential real property:\n 1. A transfer pursuant to a court order, including, but not limited\nto, a transfer order by a probate court during the administration of a\ndecedent's estate, a transfer pursuant to a writ of execution, a\ntransfer by a trustee in bankruptcy or debtor-in-possession, a transfer\nas a result of the exercise of the power of eminent domain, and a\ntransfer that results from a decree for specific performance of a\ncontract or other agreement between two or more persons;\n 2. A transfer to mortgagee or an affiliate or agent thereof by a\nmortgagor by deed in lieu of foreclosure or in satisfaction of the\nmortgage debt;\n 3. A transfer to a beneficiary of a deed of trust;\n 4. A transfer pursuant to a foreclosure sale that follows a default in\nthe satisfaction of an obligation that is secured by a mortgage;\n 5. A transfer by a sale under a power of sale that follows a default\nin the satisfaction of an obligation that is secured by a mortgage;\n 6. A transfer by a mortgagee, or a beneficiary under a mortgage, or an\naffiliate or agent thereof, who has acquired the residential real\nproperty at a sale under a mortgage or who has acquired the residential\nreal property by a deed in lieu of foreclosure;\n 7. A transfer by a fiduciary in the course of the administration of a\ndescendent's estate, a guardianship, a conservatorship, or a trust;\n 8. A transfer from one co-owner to one or more other co-owners;\n 9. A transfer made to the transferor's spouse or to one or more\npersons in the lineal consanguinity of one or more of the transferors;\n 10. A transfer between spouses or former spouses as a result of a\ndecree of divorce, dissolution of marriage, annulment, or legal\nseparation or as a result of property settlement, agreement incidental\nto a decree of divorce, dissolution of marriage, annulment or legal\nseparation;\n 11. A transfer to or from the state, a political subdivision of the\nstate, or another governmental entity;\n 12. A transfer that involves newly constructed residential real\nproperty that previously had not been inhabited;\n 13. A transfer by a sheriff; or\n 14. A transfer pursuant to a partition action.\n