Document Updates: New York Flood Insurance Disclosure (Cx28044)
On February 14, 2025, the State of New York passed a law amending Bills S7125A & A5073A which revised the flood insurance disclosure language in NY Real Property Law § 283. This law takes effect on May 15, 2025.
The flood disclosure language previously read:
“Please note that the flood insurance we are requiring you to purchase will only protect your creditor or lender’s interest in your property….