N.Y. Gen. Bus. Law § 875-G

Current through 2024 NY Law Chapter 456
Section 875-G - Internal compliance, certification, and reporting
1. Every dealer shall:
(a) implement and maintain sufficient internal compliance procedures to ensure compliance with the requirements of this article; and
(b) annually certify to the superintendent that such dealer has complied with all of the requirements of this article. The superintendent shall by regulation determine the form and content of such annual certification.
2.
(a) The superintendent shall promulgate regulations requiring periodic inspections of not less than one inspection of every dealer every three years, during regular and usual business hours, by the division of state police of the premises of every dealer to determine compliance by such dealer with the requirements of this article. Every dealer shall provide the division of state police with full access to such dealer's premises for such inspections.
(b) The superintendent shall prepare an annual report providing information on the number of dealers inspected annually, the number of dealers in compliance with the requirements of this article, the number of dealers failing to comply with the requirements of this article, and other information that the superintendent deems necessary and appropriate. The first report shall be delivered to the governor, the majority leader of the senate and the speaker of the assembly, and shall be made available to the public on the division of state police website, on or before January first, two thousand twenty-four and annually thereafter.

N.Y. Gen. Bus. Law § 875-G

Added by New York Laws 2022, ch. 207,Sec. 2, eff. 12/3/2022.