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.
New York Dealer Bond Under NYS Vehicle and Traffic Law Section 415 (6-B)
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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.
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).
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."
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.
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.
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.
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.