New York Flood Disclosure Law: 2025 Complete Guide for Buyers, Sellers & Agents
Last updated: November 28, 2025 New York’s flood disclosure law eliminated the notorious $500 waiver loophole as of March 20, 2024, fundamentally transforming real estate transactions statewide. Under Section 462 of the Real Property Law, sellers must now complete comprehensive flood risk disclosures in the Property Condition Disclosure Statement before contract signing—no more $500 opt-out…
