Rules and Regulations

The Department of Law has promulgated regulations that govern the conversion of specific types of securities – namely cooperative interests in realty such as cooperatives, condominiums, homeowners associations, timeshares and senior residential communities.  A brief description of the different Parts is set forth below.  Copies of the regulations may be obtained by visiting the New York State Department of State, Division of Administrative Rules website which provides access to the unofficial New York Codes, Rules and Regulations.  A link to the unofficial NYCRR may be accessed here. 

Part 16 of Title 13 NYCRR
Regulations governing Real Estate Syndication Offerings

Part 18 of Title 13 NYCRR
Regulations Governing the Conversion of Occupied Residential Property to Cooperative Ownership

Part 20 of Title 13 NYCRR
Regulations Governing Newly Constructed, Vacant or Non-Residential Condominiums

Part 21 of Title 13 NYCRR
Regulations Governing Newly Constructed and Vacant Cooperatives

Part 22 of Title 13 NYCRR
Regulations Governing Newly Constructed, Vacant Homeowners Associations or Non-Residential Property Owners Associations

Part 23 of Title 13 NYCRR
Regulations Governing the Conversion of Occupied Residential Property to Condominium Ownership

Part 24 of Title 13 NYCRR
Regulations Governing Timeshare Offering Plans

Part 25 of Title 13 NYCRR
Regulations Governing Newly Constructed or Vacant Senior Residential Communities

Part 80 Intrastate Financing
Regulations Governing Intrastate Financing of Non-Real Estate Securities