N.Y. Vehicle & Traffic Law Section 2103
Excepted liens and security interests

  • buyer from manufacturer or dealer
This article does not apply to or affect:

(a)

A lien given by statute or rule of law to a supplier of services or materials for the vehicle;

(b)

A lien given by statute to the United States, this state, or any political subdivision of this state except for liens arising pursuant to Lien Law § 211 (Arrears/past due support)section two hundred eleven of the lien law and Social Services Law § 111-U (Liens)section one hundred eleven-u of the social services law;

(c)

A security interest in a vehicle created by a manufacturer or dealer who holds the vehicle for sale as distinguished from a person who holds the vehicle for lease, but a buyer in ordinary course of business from a manufacturer or a dealer who holds the vehicle for sale, whether or not he may have held it for lease, takes free of any security interest created by him in the vehicle.

(d)

A security interest in a vehicle acquired by the state of New York and financed by certificates of participation pursuant to article five-A of the state finance law.

Source: Section 2103 — Excepted liens and security interests; buyer from manufacturer or dealer, https://www.­nysenate.­gov/legislation/laws/VAT/2103 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

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Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 2103’s source at nysenate​.gov

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