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Bill > A1274


NJ A1274

NJ A1274
Requires MVC to establish system for salvage processors to electronically process salvage certificates of title.


summary

Introduced
01/11/2022
In Committee
12/15/2022
Crossed Over
12/15/2022
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill requires the Chief Administrator of the New Jersey Motor Vehicle Commission to allow salvage processors to electronically submit applications for the issuance of salvage certificates of title and certificates of ownership, documentation supporting those applications, and any required fees. The bill also requires the chief administrator to allow salvage processors to print salvage certificates of title and certificates of ownership at the facility of the salvage processor.

AI Summary

This bill requires the Chief Administrator of the New Jersey Motor Vehicle Commission to allow salvage processors, whose primary business is the sale of total loss motor vehicles on behalf of insurers, to electronically submit applications for the issuance of salvage certificates of title and certificates of ownership, along with supporting documentation and required fees. The bill also requires the Chief Administrator to establish a process for the electronic issuance of these certificates, which would allow the salvage processors to print the certificates at their own facilities. The bill also provides certain exceptions and procedures for insurers to obtain certificates of ownership or salvage certificates of title without the original certificate when the owner fails to provide it after a total loss settlement.

Committee Categories

Budget and Finance, Transportation and Infrastructure

Sponsors (11)

Last Action

Received in the Senate, Referred to Senate Budget and Appropriations Committee (on 12/15/2022)

bill text


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