Increases the notice of cancellation requirements for automobile broker businesses

This bill (S 2672) changes the cancellation rules for consumers purchasing vehicles through automobile broker businesses in New York. It requires brokers to provide a clear "Notice of Cancellation" form with contracts, giving consumers three days to cancel without penalty after receiving the contract (or until vehicle delivery, whichever comes first). If the vehicle isn't delivered within 30 days due to the broker's delay, consumers can cancel and get a full refund. The bill also adds a new requirement that brokers disclose they are not affiliated with dealerships or manufacturers. These changes directly affect consumers buying vehicles through auto brokers and aim to increase transparency and consumer rights.