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Bill > S2736
NJ S2736
NJ S2736Requires MVC to administer electronic transaction system for used motor vehicle sales within certain time period; authorizes use of same system for private motor vehicle sales.
summary
Introduced
06/02/2022
06/02/2022
In Committee
09/29/2022
09/29/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill requires the New Jersey Motor Vehicle Commission to implement an electronic transaction system for used motor vehicles within 24 months of the effective date of P.L.2021, c.462. The bill also authorizes the MVC to use the same electronic transaction system for private motor vehicle sales and private motor vehicle sales transaction documents.
AI Summary
This bill requires the New Jersey Motor Vehicle Commission (MVC) to implement an electronic transaction system for used motor vehicle sales within 24 months of the effective date of a previous law (P.L.2021, c.462). The bill also authorizes the MVC to use the same electronic transaction system for private motor vehicle sales, which are defined as sales by individuals who are not new or used motor vehicle dealers. Additionally, the bill allows the electronic system to be used for the notification, recording, transfer, and release of security interests and title information by motor vehicle lienholders, eliminating the need for a paper-based system.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (4)
Last Action
Referred to Senate Budget and Appropriations Committee (on 09/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S2736 |
| Fiscal Note - Fiscal Estimate 1/18/23; 1R | https://pub.njleg.gov/Bills/2022/S3000/2736_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2736_R1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3000/2736_R1.PDF |
| Analysis - Statement STR 9/29/22 | https://pub.njleg.gov/Bills/2022/S3000/2736_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S3000/2736_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3000/2736_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S3000/2736_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S3000/2736_I1.PDF |
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