Bill > S04981

This bill requires registration of new automotive broker businesses and establishes comprehensive regulations for their operations in New York State. The bill defines an automobile broker business as an entity that helps consumers purchase or lease vehicles for a fee, and mandates that such businesses must obtain a two-year certificate of registration from the Commissioner of Motor Vehicles. Key provisions include prohibiting brokers from representing themselves as licensed dealers, requiring detailed disclosures to consumers about services and fees, and establishing strict record-keeping requirements. The bill also creates significant penalties for violations, including civil fines up to $10,000 per violation, and allows enforcement by the Attorney General, local authorities, and private parties. Brokers must maintain secure record-keeping practices, prominently display their non-dealer status, and are forbidden from engaging in deceptive practices such as misrepresenting their services, affiliations, or ability to complete transactions. The legislation aims to protect consumers by increasing transparency and accountability in the automotive brokerage industry, with provisions designed to prevent fraudulent practices and ensure clear communication between brokers, dealers, and consumers.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S4981