Bill

Bill > A2260


NJ A2260

NJ A2260
Eliminates fee for re-issuance of motor vehicle title following loan payoff.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill prohibits the New Jersey Motor Vehicle Commission from charging a title fee to individuals who have paid off their car loans for the re-issuance of a title without a lienholder noted on it.

AI Summary

This bill, an act of the New Jersey Legislature, prohibits the New Jersey Motor Vehicle Commission (NJMVC) from charging a fee when re-issuing a motor vehicle title after a car loan has been fully paid off. Previously, individuals who financed a vehicle and had a lienholder noted on their certificate of ownership (the title) might have been charged a fee by the NJMVC to remove that lienholder's name from the title once the loan was satisfied. This legislation ensures that once a loan is paid in full, the owner can obtain a clear title, meaning it no longer shows a lienholder, without incurring an additional fee from the state. The act takes effect immediately upon its passage.

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 01/13/2026)

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