DMV IS WATCHING VERIFI USE
/Violations for Improper Compliance
May Result in a $1,000 Fine
Earlier this year DMV implemented new rules that require dealers to use eMV-50s for all transfers in VERIFI – including both in-state and out-of-state transactions. That change makes it easy for DMV to know when a dealer uses a paper MV-50 to process a transfer. Violations of these new rules can cost dealers $1,000 for each misuse of paper MV-50s.
Pursuant to DMV regulations, a paper MV-50 can only be used when your dealership is:
experiencing a power outage,
an internet outage, or
during a private sector partner outage
Use of a paper MV-50 may invite scrutiny by DMV. In fact, GNYADA is aware that DMV is now issuing warning letters to dealers alerting them to potential misuse of paper MV-50s.
It’s important to note that just saying that a paper MV-50 was used for of any of the reasons mentioned above without it actually occuring will not be tolerated since DMV now has the technology to determine if this is so.
Dealers are encouraged to review the rules governing use of paper MV-50s to avoid DMV administrative action.
If you have questions about the proper use of secure paper MV-50s, call the Association’s Dealer Hotline at 718.746.5900.
