VS-1AB

The Automobile Broker Business Application (Form VS-1AB) is a comprehensive legal document issued by the New York State Department of Motor Vehicles for entities seeking to obtain or renew an Automobile Broker Business Certificate. The application requires detailed information regarding the business structure, including specific sections for individuals, partnerships, and corporations or LLCs, necessitating the disclosure of all principals, officers, and stockholders. Applicants must provide physical business location details, contact information, and affirmation of any previous financial interests or disciplinary actions involving DMV-regulated businesses to ensure compliance with state regulations.

Key requirements for a complete submission include proof of business ownership or a valid lease agreement, copies of government-issued identification for all listed principals, and, most critically, a signed and sealed surety bond in the amount of $100,000. The form also serves as a certification of business information under penalty of perjury and provides specific instructions for mailing completed applications to the Vehicle Safety Services Bureau in Albany. Failure to provide accurate information or the necessary attachments, such as filing receipts from the Department of State or county clerk, may result in the denial of the application.