2019 New York Laws
VAT - Vehicle and Traffic
Title 10 - Uniform Vehicle Certificate of Title Act
Article 46 - Uniform Vehicle Certificate of Title Act
2114 - Transfer to or From Dealer; Records.

§ 2114. Transfer  to  or  from dealer; records. (a) If a dealer buys a
vehicle and holds it for resale and procures the  certificate  of  title
from  the owner within ten days after delivery to him of the vehicle, he
need not send the certificate to the commissioner but, upon transferring
the vehicle to another person other than by the creation of  a  security
interest, shall promptly execute the assignment and warranty of title by
a  dealer,  showing the names and addresses of the transferee and of any
lienholder holding a security interest created or reserved at  the  time
of  the resale, in the spaces provided therefor on the certificate or as
the commissioner prescribes, and mail or deliver the certificate to  the
commissioner  with  the  transferee's application for a new certificate.
The assignment and warranty of  title  by  a  dealer  required  by  this
section  shall  include a statement, signed by the dealer stating either
(i) any facts or information known to him that could  reasonably  affect
the  validity of the title of the vehicle, or (ii) that no such facts or
information are known to him.
  (b) Every dealer shall maintain a record in the form and for a  period
of  time  the  commissioner  prescribes of every vehicle bought, sold or
exchanged by him, or received by him for sale or exchange,  which  shall
be  open  to inspection by a representative of the commissioner, a peace
officer, when acting pursuant to his special duties, or a police officer
during reasonable business hours.