2015 GNYADA MEMBERSHIP DIRECTORY

NEW SECURE POWER OF ATTORNEY FORM IMPLEMENTATION

A recurring problem facing dealers’ is that a customer with a missing title selling a vehicle to a dealership often fails to return to sign a duplicate title. In order to address this issue and meet dealers’ needs, GNYADA worked with the DMV to create the MV-93 Secure Power of Attorney form. The MV-93 serves to authorize the dealer accepting the trade-in as the attorney-in- fact for the purpose of odometer and damage disclosure and signature on a title. This eliminates the need for the customer to return to the dealership to sign the duplicate title.

HOT TOPICS 2015 GNYADA Membership Directory 65

When does the New MV-93 go into effect: For any sale dated on or after May 22, 2015, only the new DMV-issued Secure Power of Attorney Form (MV-93) may be used by a dealer to sign the title on behalf of the selling owner and record the odometer reading. After this date, “homemade”forms presented by a dealer will not be accepted by DMV. How to order the New MV-93: Dealers must order the New Secure Power of Attorney Forms (MV-93) directly from DMV. The forms are available in packages of 25 and cost $125.00 for each package. The form can be down loaded at: http://dmv.ny.gov/forms/mv931.pdf Dealers may pass along the $5 fee for a Secure Power of Attorney Form to a customer who is trading in a vehicle or to a customer buying a trade-in. The $5 charge must be listed separately on the invoice, with the disclaimer “THIS IS NOT A DMV FEE.”

How to Use the MV-93: The DMV provides a list of instruction on how to properly use the Secure Power of Attorney Form (MV-93). http://dmv.ny.gov/forms/mv932.pdf

Questions: Please call Sue Bieber at the Association or email her at susan@gnyada.com with any questions relating to the new Secure Power of Attorney Form.