§ 2-109 Records and Reports.

   (a)   To comply with § 20-268.5(a) of the Administrative Code, a second-hand automobile dealer must maintain a copy of the consumer bill of rights signed or initialed by each consumer for six years after the date of execution of such document.

   (b)   To comply with § 20-268.5(c) of the Administrative Code, a second-hand automobile dealer must maintain an automobile contract cancellation option report in the format shown below.

{Click here to view the referenced automobile contract cancellation option report.}

   (c)   A second-hand automobile dealer shall be in violation of § 20-268.5(c) of the Administrative Code for failing to make available a copy of its automobile contract cancellation option report to the commissioner within 20 business days of receiving a request. Notwithstanding the foregoing sentence, a second-hand automobile dealer shall not be in violation of § 20-268.5(c) for such a failure where he or she received and complied with a similar request in the past 12 months.

   (d)   Records maintained by a second-hand automobile dealer in a manner compliant with the Vehicle Electronic Reassignment and Integrated Facility Inventory (VERIFI) system pursuant to Title 15, Part 78.9 of the Code, Rules and Regulations of the State of New York satisfy the requirements of § 20-273 of the Administrative Code if the records contain the information required by such section of the Administrative Code. Nothing in this subdivision affects a second-hand automobile dealer's obligation to fully comply with §§ 20-273(e) and 20-273(f) of the Administrative Code.

(Added City Record 5/25/2018, eff. 6/24/2018; amended City Record 12/5/2019, eff. 1/4/2020)