2014 New York Laws
GBS - General Business
Article 35-B - (736 - 744) AUTOMOBILE BROKER BUSINESS
738 - Contracts; requirements and contents.

 738. Contracts; requirements and contents. 1. Every contract between
  a  consumer and an automobile broker business shall be in writing, shall
  be dated, shall contain the street  address  of  the  automobile  broker
  business and the consumer and shall be signed by the consumer and by the
  automobile  broker  business.  Every  contract  shall  comply  with  the
  requirements set forth in this section and contain the following:
(a) A complete description of the automobile and each option, if  any,
  ordered;   a   statement  of  whether  the  automobile  is  or  will  be
  manufactured in accordance with United States specifications and  is  or
  will  be certified by the manufacturer as such; if the automobile is not
  or will not be manufactured in accordance with United States safety  and
  environmental   specifications,   and  the  consumer  has  retained  the
  automobile broker business  to  arrange  for  the  modification  of  the
  automobile  to  meet such specifications, the name and street address of
  the modification facility and a statement in immediate proximity to such
  information that the automobile broker business assumes  full  financial
  responsibility that the automobile will be properly modified to meet all
  United States safety and environmental specifications.
(b)  The price of the automobile including any options ordered. If the
  price set  forth  is  an  estimated  price,  a  statement  in  immediate
  proximity  to  the  price  that the price is an estimated price only and
  that the consumer has the right to cancel the contract and to receive  a
  full  refund if the final price exceeds the estimated price by more than
  five percent.
(c) The estimated delivery date of the automobile  and  the  place  of
  delivery  and  a  statement  in  immediate  proximity  to  the estimated
  delivery date  that,  if  the  automobile  has  not  been  delivered  in
  accordance with the contract within thirty days following such estimated
  delivery  date, the consumer has the right to cancel the contract and to
  receive a full refund, unless the delay in delivery is  attributable  to
  the consumer.
(d)  A  statement  of  whether  or  not  the  manufacturer's  warranty
  accompanying the automobile is the same warranty as  that  furnished  to
  purchasers  of that make automobile from an authorized dealer located in
  the United States.
(e) A description of any other services  and  an  itemization  of  the
  charges  for  each.  Such  description  shall  include disclosure of the
  automobile dealer from which the automobile was purchased,  as  well  as
  all  fees,  commissions  or  other  valuable  considerations  paid by an
  automobile  dealer  to  the  automobile  broker  business  for  selling,
  arranging,  assisting  or  effecting the sale of an automobile as agent,
  broker, or intermediary between the consumer and the automobile dealer.
(f) If a consumer elects to cancel the contract pursuant to  paragraph
  (b)  or  (c)  of  this  subdivision,  he  shall  notify  in  writing the
  automobile broker business at the address specified in the contract. The
  automobile broker business shall make a  full  refund  to  the  consumer
  within  ten business days following receipt of the request for a refund.
  The contract shall contain a statement,  setting  forth  the  consumer's
  right  to  cancel  the  contract  under  paragraphs  (b) and (c) of this
  subdivision  and  the  refund  obligations  of  the  automobile   broker
  business.
(g)  The  statements  required  by paragraphs (a), (b), (c) and (f) of
  this subdivision shall be printed in at least ten point bold type
2. The contract shall be accompanied by a completed form in duplicate,
  captioned "Notice of  Cancellation"  which  shall  be  attached  to  the
  contract  and easily detachable, and which shall contain in at least ten
  point type the following:

                      "Notice of Cancellation"
  "You  may  cancel  this contract, without any penalty or obligation,
  within three days from the date that a copy of an executed  contract  is
  received by you.
  To cancel this  contract,  mail or  deliver a  signed and dated copy
  of this cancellation notice, or any other written notice, to
 
  (__________________________________) at (________________________)
   name of automobile broker business            address
 
  not  later  than  midnight  of the third day following your receipt of a
  signed contract.
 
  I hereby cancel this transaction."
 
                                 _________________________________
                                       (signature of consumer)
 
                                     _________________________
                                                (date)
 
3. An automobile broker business shall deliver to the consumer or mail
  to him at the address shown on the contract, an executed copy thereof.