Legislation
SECTION 741-D
Prohibited acts
General Business (GBS) CHAPTER 20, ARTICLE 35-B
* § 741-d. Prohibited acts. An automobile broker business is
prohibited from:
1. advertising that such automobile broker business has any new
automobile in stock;
2. advertising any price figure in an advertisement unless such figure
represents the actual price of the advertised automobile, exclusive of
registration and titles, fees and taxes;
3. starting, completing, or answering any portion of a financing or
credit application or the lease or purchase agreement of an automobile,
on behalf of a consumer or dealer, without including on or affixing to
such application or agreement, the name and registration number of the
automobile broker business; and
4. accepting any payment other than that disclosed under section seven
hundred thirty-eight or seven hundred forty-one-b of this article,
whether from the dealer or buyer of the automobile.
* NB Effective June 19, 2025
prohibited from:
1. advertising that such automobile broker business has any new
automobile in stock;
2. advertising any price figure in an advertisement unless such figure
represents the actual price of the advertised automobile, exclusive of
registration and titles, fees and taxes;
3. starting, completing, or answering any portion of a financing or
credit application or the lease or purchase agreement of an automobile,
on behalf of a consumer or dealer, without including on or affixing to
such application or agreement, the name and registration number of the
automobile broker business; and
4. accepting any payment other than that disclosed under section seven
hundred thirty-eight or seven hundred forty-one-b of this article,
whether from the dealer or buyer of the automobile.
* NB Effective June 19, 2025