On Wednesday, during our Quarterly Meeting with the Commissioner of Motor Vehicles and his top staff, DMV officials addressed GNYADA’s top legislative issue: brokers. DMV informed GNYADA representatives, and New York’s metro dealer associations and the state association who participated in the meeting that DMV can penalize brokers that violate the Vehicle and Traffic Law and General Business Law. The agency told us they have the authority to pursue both registered and unregistered brokers who violate state law by holding a hearing and enforcing monetary penalties.
GNYADA has received a notice from DMV Commissioner Mark Schroeder informing us that they have agreed to change the number of days from 5 to 10 for submitting registration work for dealers that participate in the Partnering Program who issue permanent registrations.
GNYADA’s efforts to reduce the amount of time it takes for a lien to be released are paying off. Over the past year, GNYADA has addressed ways to speed up lien releases with DMV. For too long financial institutions have ignored the law to immediately release liens upon clearance of final payment by a dealer. That is, until now.
GNYADA’s Legislative Agenda reflects the issues of importance to our membership. A few of our top Legislative Priorities for 2021 are Doc Fee Increase, Halting Direct Sales, and Speeding Up Electric Lien Releases.
As a follow up to the recent DMV Quarterly meeting, DMV reached out to GNYADA to discuss our proposal to double the number of days dealers have to submit a vehicle’s registration application. Presently, dealers are required to submit applications for registration, when a temporary certificate of registration (TCR) has been issued, to the DMV within five days of issuance.
In March, Governor Cuomo issued an Executive Order temporarily suspending annual safety/emission inspection requirements in order to encourage New Yorkers to stay home during the height of the pandemic.
That Executive Order is set to expire on November 3, 2020 which will reinstate the annual inspection requirement.
DMV Commissioner Mark Schroeder has informed GNYADA that there have been additional changes to the agency’s top level of management.
Earlier this year DMV implemented new rules that require dealers to use eMV-50s for all transfers in VERIFI – including both in-state and out-of-state transactions. That change makes it easy for DMV to know when a dealer uses a paper MV-50 to process a transfer. Violations of these new rules can cost dealers $1,000 for each misuse of paper MV-50s.
In addition to DMV processing dealer transaction paperwork, County Clerks are now permitted to process vehicle registrations.
VERIFI is operational and available for processing transfers. Wholesale Dealers should continue to issue eMV-50s where required and not rely on secure paper MV-50s beyond what’s allowed under current regulations.
Dealers must obtain customer signatures on the MV-82, eMV-50 and purchase agreement in a manner that complies with DOH guidance and directives.
Per Commissioner’s Regulations, the brief system outage during the morning of 2/29 permitted dealers to use secure paper MV-50s to process transfers.
During October 2019, the DMV changed its “Application for Registration and Title” (MV-82) form to include some new questions.
Dealers are required to enter all vehicles offered for sale in their VERIFI Book of Registry. For all transactions entered into VERIFI, dealers are not required to maintain a permanently bound paper Book of Registry.
Dealers are required to maintain the “dealer copy” (Part 2) of all secure paper MV-50s they issue.
Prior to the adoption of VERIFI, every vehicle transfer was completed on secure paper MV-50s. Now, the overwhelming majority of transfers are done electronically using eMV-50s.
The DMV changed its “Application for Registration and Title” (MV-82) form to include some new questions.
Effective October 9, 2019, the New York State Department of Motor Vehicles will implement changes required by new legislation pertaining to altered vehicles.
We are constantly working to raise the bar on our services. If you have any questions or concerns about your experience, please let us know.
GNYADA
718.746.5900
DMV-DIRECT
718.747.0400
GNYADA Insurance Brokerage
718.746.8100
Home / News / Updates / Policies & Guidelines / Webinars / Events /
Visit our main site: gnyada.com
