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NJ S2022

Bill

Status

Introduced

1/9/2024

Primary Sponsor

Vin Gopal

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Prohibits the New Jersey Motor Vehicle Commission from charging a fee to re-issue a certificate of ownership (title) after a vehicle owner pays off their financing loan
  • Applies specifically to situations where a lien was previously noted on the title due to vehicle financing
  • Re-issued title would no longer show the lienholder once the loan is satisfied
  • Takes effect immediately upon enactment

Legislative Description

Eliminates fee for re-issuance of motor vehicle title following loan payoff.

Transportation

Last Action

Introduced in the Senate, Referred to Senate Transportation Committee

1/9/2024

Committee Referrals

Transportation1/9/2024

Full Bill Text

No bill text available