Requires a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer

Summary

The bill amends the Real Property Law so that anyone conveying real property must submit a statement of the full sales price and supporting proof (such as a cancelled check, mortgage payoff documents, or an affidavit) to the recording officer. It applies to sellers of real estate and is intended to improve transparency and reduce fraudulent conveyances. The measure takes effect 90 days after becoming law.

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