In March of 2016, the NY State DMV Commissioner’s Rules & Regulations were amended to provide for the modernization of several paper-based processes performed by dealers. To facilitate these regulatory changes, NY State DMV has partnered with Vanguard Direct, Inc., to create an electronic platform we call “VERIFI” (“Vehicle Electronic Reassignment and Integrated Facility Inventory”). VERIFI will be ready for use in Summer 2018.
The new regulations require dealers to use the VERIFI system. Dealers will need to execute a Facility Participation Agreement with Vanguard Direct prior to the system activation date scheduled for mid-July 2018. In the event a dealer meets the requirements of 15 NYCRR 78.9(c), they may apply to DMV to request an exemption from the VERIFI system.
The areas and processes to be affected and improved by VERIFI include
VERIFI will be Web-based and accessible by employees you designate. VERIFI will also allow your Dealer Management System (DMS) company to integrate their products with it, if they so choose.
You must enroll in VERIFI for your staff to be able to use the system. Existing dealers can, and should, register for VERIFI today. Registering now will allow you to
To learn all you need to know about VERIFI, register, print the Facility Participation Agreement and find answers to frequently asked questions, please visit VERIFINY.com [1].