To which state agency must the offering plan for a condominium or cooperative building be submitted?

The offering plan for a condominium or cooperative building must be submitted to the Attorney General in New York. This requirement exists to ensure that the offering documents meet all legal standards and provide important disclosures to potential buyers regarding the property. The Attorney General’s office plays a crucial role in protecting consumers by reviewing these plans to prevent misleading information and to ensure compliance with the state’s Real Property Law.

Submitting to the Attorney General helps to maintain transparency in the market and supports the integrity of real estate transactions involving condominiums and cooperatives. Therefore, it is essential for real estate professionals and developers to understand this obligation when preparing to sell or market such properties.