NJ A1140

Permits early termination of motor vehicle leases upon a lessee's death for vehicles leased and registered in New Jersey, with the lease ending when the vehicle is returned to the dealer or lessor.

Prohibits dealers and lessors from charging early termination fees due to death, though they may still assess fees for excess wear, use, or mileage as specified in the lease agreement.

Bars lease terms that would require a surviving spouse, family member, guardian, or estate administrator to purchase the vehicle, buy out the remaining lease, or continue the lease under original terms.

Requires a death certificate or satisfactory proof of death to be submitted to the dealer or lessor within 60 days; the provision does not apply to surviving co-lessees who signed the original lease.

Mandates written disclosure of early termination rights in lease contracts, with a $500 penalty for dealers or lessors who fail to provide this information.