Bill
Bill > A3476
NJ A3476
NJ A3476Requires 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
02/05/2024
02/05/2024
In Committee
02/05/2024
02/05/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 and private motor vehicle sales transaction documents. The system will include the notification, recording, transfer, and release of security interests and title information by the lienholders of motor vehicles, replacing the previous paper-based system.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 02/05/2024)
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/2024/A3476 |
| BillText | https://pub.njleg.gov/Bills/2024/A3500/3476_I1.HTM |
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