← Answered questionsSeller playbook
Can a seller still pay a $500 credit instead of completing the statement?
No. The current text of §462 requires delivery of the statement for covered transfers and contains no $500 credit alternative.
From the seller playbook: Property Condition Disclosure Statement - Current RPAPL §462 Compliance
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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