Bill > A4234

Introduced Session

This bill requires sellers and other secured parties to deliver certificates of ownership to motor vehicle buyers within 30 days of the performance of a contract or the terms of a security agreement. Sellers and secured parties are prohibited from charging a fee for the delivery of a certificate of ownership. Under the bill, it is an unlawful practice and a violation of the consumer fraud act for sellers and secured parties to fail to comply with the provisions of the bill. An unlawful practice under the consumer fraud act is punishable by a monetary penalty of not more than $10,000 for a first offense and not more than $20,000 for any subsequent offense. In addition, a violation of the consumer fraud act can result in cease and desist orders issued by the Attorney General, the assessment of punitive damages, and the awarding of treble damages and costs to the injured party.

AI Summary

Committee Categories

Rosaura Bagolie (D)*, 

Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 05/02/2024)

Official Document