Bill > S4384

This bill modifies New Jersey regulations for used motor vehicle dealers located in multi-dealer facilities by establishing specific business hour requirements. Under the new provisions, used motor vehicle dealers in multi-dealer locations must maintain at least four business hours per week, Monday through Saturday, between 9:00 a.m. and 5:00 p.m. During these hours, either the dealer or an authorized signatory must be personally present at their business location. Additionally, a multi-dealer representative is required to be physically present at the location Monday through Friday from 9:00 a.m. to 5:00 p.m. The bill defines a "multi-dealer location" as a single structure with multiple office spaces housing discrete used motor vehicle dealerships, which complies with New Jersey Motor Vehicle Commission regulations. Importantly, the multi-dealer representative does not need to be an authorized signatory for any specific dealer to serve in this role. This legislation aims to ensure consistent oversight and accessibility for used motor vehicle dealers operating within shared commercial spaces, potentially improving consumer protection and business transparency in the used car sales industry.

Transportation and Infrastructure

https://www.njleg.state.nj.us/bill-search/2024/S4384