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

S 4265 requires sellers of residential properties built before 1978 to provide lead-based paint inspection reports before closing sales. This directly affects home sellers and buyers in New York State, ensuring buyers know if lead paint hazards exist in properties they're purchasing. The bill mandates a one-time lead paint inspection prior to sale (not ongoing inspections) and requires the report to be included in the state's lead inspection registry. It complements existing laws by closing a gap where federal rules only required disclosure of known hazards, not mandatory testing.