DMV/VERIFI Tip of the Week, #88
Acceptable Reasons to Issue Secure Paper MV-50’s
On 05/05/2020, NYS DMV announced that dealers should use eMV-50’s on ALL transfers -- see TOTW #86 entitled “NHSTA Rule Change.” Since this announcement, over 77,000 eMV-50’s have been issued for both wholesale and retail out-of-state sales.
Many dealers continue to issue secure paper MV-50’s for out-of-state and auction sales where eMV-50’s are required. This practice is a violation of DMV regulations and may invite administrative action against noncompliant dealers.
Secure paper MV-50’s should only be used under the following circumstances:
- Power Outage
- Internet Outage
- Private Sector Partner Outage
- Other (i.e., Correction/Retain Original Sale Date)
Although the drop-down menu continues to offer “Out-of-State Sale” and “Wholesale Auction Sale” as options, these are now obsolete and will be removed effective 08/27/2020. “Other” will also be revised to more accurately reflect “Correction/Retain Original Sale Date.”