Requires the disclosure of lead-based paint test reports in real estate transactions

This bill requires that test reports for lead-based paint be disclosed during the sale of residential real estate in New York State. It applies to all properties built before 1978 and mandates that inspection results be shared with buyers to ensure they are aware of potential hazards before completing a transaction. By adding a new article to the Real Property Law, the legislation aims to create a statewide registry of these test results, making information about lead risks more accessible to future renters and purchasers. The act is designed to complement existing federal disclosure rules and local testing requirements, particularly in New York City, by ensuring consistent transparency across the entire state.