New York Consolidated Laws, General Business Law - GBS § 890. Auto equity promotion prohibited

1. No person shall engage in the business of auto equity promotion.  A person engages in the business of auto equity promotion, as used in this article, provided all of the following conditions are met:

(A) The motor vehicle is subject to an outstanding lease contract, retail installment contract or security agreement the terms of which prohibit or prohibit without permission of the lessor, seller or secured party, the sublease, sale, transfer or assignment of any right or interest in the motor vehicle or any right or interest under the lease contract, retail installment contract, or security agreement by the lessee, buyer or debtor.

(B) The person is not a party to the lease contract, retail installment contract or security agreement.

(C) The person subleases, sells, transfers or assigns, or purports to sublease, sell, transfer, or assign, any right or interest in the motor vehicle or under the lease contract, retail installment contract or security agreement, to any person who is not a party to the lease contract, retail installment contract or security agreement.

(D) The person does not obtain, prior to the sublease, sale, transfer or assignment described in paragraph (C) of this subdivision, written consent to the sublease, sale, transfer or assignment from the motor vehicle's lessor, seller or secured party.

(E) The person receives compensation or some other consideration for the sublease, sale, transfer or assignment as described in paragraph (C) of this subdivision.