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New York Dealer Bond Under NYS Vehicle and Traffic Law Section 415...

New York Auto Dealer Bond

Name: New York Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.58 (415 reviews)

Category:

New York Statewide - Department of Motor Vehicles

State:

New York

Control #:

NY-VS-3

Format:

Instant download

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Description

Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B) The New York Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B) is a surety bond that is required of motor vehicle dealers operating in the state of New York. It is designed to guarantee that the dealer will comply with all laws and regulations and protect consumers from any fraudulent or unethical practices that the dealer may commit. The bond amount is set by the New York State Department of Motor Vehicles and must be equal to the maximum amount the dealer is able to charge for the sale of a vehicle. There are two types of New York Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B): a regular dealer bond and a limited dealer bond. The regular dealer bond is for motor vehicle dealers who engage in the regular business of selling, leasing, or exchanging motor vehicles and can be up to $50,000. The limited dealer bond is for motor vehicle dealers who engage in limited activities, such as used vehicle auctioning, and is up to $25,000.

The New York Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B) is a surety bond that is required of motor vehicle dealers operating in the state of New York. It is designed to guarantee that the dealer will comply with all laws and regulations and protect consumers from any fraudulent or unethical practices that the dealer may commit. The bond amount is set by the New York State Department of Motor Vehicles and must be equal to the maximum amount the dealer is able to charge for the sale of a vehicle. There are two types of New York Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B): a regular dealer bond and a limited dealer bond. The regular dealer bond is for motor vehicle dealers who engage in the regular business of selling, leasing, or exchanging motor vehicles and can be up to $50,000. The limited dealer bond is for motor vehicle dealers who engage in limited activities, such as used vehicle auctioning, and is up to $25,000.

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How to fill out New York Dealer Bond Under NYS Vehicle And Traffic Law Section 415 (6-B)?

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FAQ

New York Vehicle and Traffic Law § 1192.4 makes it illegal to drive a vehicle while impaired by drugs. In order to be convicted of this crime the prosecutor must be able to show that at the time you were driving your ability to drive was impaired because you were under the influence of drugs.

Fines: A conviction for violating VTL 1144-a(a), New York's Move Over Law, can result in a fine of up to $150 for a first offense. A second offense within 18 months of the first means a fine of up to $300. A third offense within 18 months means a fine of up to $450.

Do I need insurance? Yes. To register a vehicle in New York State you must have New York State issued automobile liability insurance coverage. If you do not maintain the coverage, the DMV can suspend your vehicle registration and your driver license.

If my registration is suspended for a lapse of insurance, can another person register the vehicle? No. The DMV will not issue a new registration if the DMV determines that the purpose of the new registration is to avoid the suspension.

New York State Vehicle & Traffic Law Section 506 (1) states that: "If the Commissioner has "reasonable grounds" to believe that a person holding a license is not qualified to drive a motor vehicle, the Commissioner may require such person submit to an examination to determine their qualifications."

Registrations do not need to be in the owner's name, or for only one person. Auto dealers can register and title vehicles, and issue plates (and charge a fee for this).

A NYS Driver License, Permit, or Non-Driver ID card that is current or not expired for more than 2 years can serve as proof of both identity and age. If you don't have one of these, see other kinds of proof.

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The New York State Department of Motor Vehicles, per Vehicle and Traffic Law section 415(6-b), requires that motor vehicle dealers secure a surety bond as a condition of the registration certificate. The amount of the bond, or bond limit, is based on the dealer type and number of vehicles sold.VEHICLE AND TRAFFIC LAW SECTION 415(6-b). Surety One specializes in fidelity, financial guarantee, appeal, supersedeas, probate, public official, license, and surety bond services. STATE Motor Vehicles. Download Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B (VS-3) – Registry of Motor Vehicles (New York) form. Vehicle dismantlers and other persons engaged in the transfer or disposal of junk and salvage vehicles. New York Motor Vehicle Dealer Bonds - Easy Online Application! State laws and regulations along with all laws outlined in the Vehicle and Traffic Law section 415(6-b). Download Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B (VS-3) – Registry of Motor Vehicles (New York) form.

New York Auto Dealer Bond

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FAQ

What is the violation of 1192 in NY?

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