New York · Real Property Law §462New York flood disclosure: the eight flood questions on the property condition disclosure statement

New York's statutory Property Condition Disclosure Statement, which the seller of a one-to-four family home delivers before the buyer signs a binding contract, includes a set of flood questions (Real Property Law §462). The seller answers whether any of the property is in a FEMA-designated floodplain; whether it's wholly or partly in the special flood hazard area (the "100-year floodplain") or in a moderate-risk flood hazard area (the "500-year floodplain") on FEMA's current flood insurance rate maps; whether federal law requires flood insurance on the property; whether the seller – or, to the seller's knowledge, a previous owner – received FEMA, SBA or other federal disaster assistance for flood damage, noting that the flood insurance requirement then passes to future owners; whether there's flood insurance on the property, attaching a copy of the policy; whether a FEMA elevation certificate is available, attaching a copy; and whether the seller ever filed a flood damage claim with any insurer, including the NFIP (§462, questions 10–17).