New York § 781 - 781Security to be furnished by vendor
Full text of New York New York Consolidated Laws § 781 — 781Security to be furnished by vendor, with citation guidance and answers to common questions.
§ 781. 781Security to be furnished by vendor
§ 781. Security to be furnished by vendor. When a vendor undertakes to build or construct a home for a vendee, and such vendee is required to pay a deposit to such vendor, the vendor shall post with the chief fiscal officer of the municipality wherein such home is to be erected or constructed, a bond in the amount of such deposit or deposits. Such bond shall be posted within five business days after receipt of said deposit or deposits, by the vendor, and shall secure the payment of said deposit to the vendee upon the vendor's default. Such bond shall be in such form as required by the superintendent of financial services.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 781
What does New York Consolidated Laws § 781 cover?
Section 781 ("781Security to be furnished by vendor") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 781?
A common citation format is "New York Consolidated Laws § 781" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 781 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.