ABS, power steering and emergency brake light is on in the dashboard

Hello, the VSA modulator is the component that operates the traction control and anti-lock braking system. If the dealer is telling you this is what's wrong - then it's almost certainly what is wrong. In certain circumstances depending on your mileage, ownership status (did you buy it new?) and loyalty to Honda dealerships for maintenance and repairs -- you may be able to appeal to Honda for financial assistance. Honda tends to be very good in assisting when reasonable - meaning - you bought the car new and you're loyal to Honda dealerships for service and repair. It's worth a shot.