Bill Text: NJ S2736 | 2022-2023 | Regular Session | Amended

---

Bill Title: Requires 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.

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced - Dead) 2022-09-29 - Referred to Senate Budget and Appropriations Committee [S2736 Detail]

Download: New_Jersey-2022-S2736-Amended.html

---

[First Reprint]

SENATE, No. 2736

STATE OF NEW JERSEY

220th LEGISLATURE

 

INTRODUCED JUNE 2, 2022

 

 

Sponsored by:

Senator  VIN GOPAL

District 11 (Monmouth)

Senator  KRISTIN M. CORRADO

District 40 (Bergen, Essex, Morris and Passaic)

 

Co-Sponsored by:

Senators Diegnan and Gill

 

 

 

 

SYNOPSIS

     Requires 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.

 

CURRENT VERSION OF TEXT

     As reported by the Senate Transportation Committee on September 29, 2022, with amendments.

  

An Act concerning motor vehicle transactions and amending P.L.2021, c.462.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.  Section 8 of P.L.2021, c.462 (C.39:10-4.1) is amended to read as follows:

     8.    Not later than 24 months after the effective date of P.L.2021, c.462 (C.39:10-19.5 et al.), the Chief Administrator of the New Jersey Motor Vehicle Commission shall, in accordance with the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), adopt rules and regulations necessary to establish and administer a system to permit new motor vehicle sales transaction documents and used motor vehicle sales transaction documents to be prepared by or submitted to the commission in electronic ¹[from] form¹, or processed electronically in compliance with R.S.39:10-1 et seq., the federal Truth in Mileage Act of 1986, Pub.L.99-579 (49 U.S.C. s.32705), and the regulations promulgated pursuant to the federal Truth in Mileage Act of 1986, Pub.L.99-579 (49 U.S.C. s.32705).

     The chief administrator [shall] may, by regulations adopted pursuant to this section, establish a schedule to permit [used] private motor vehicle sales transaction documents to be prepared by or submitted to the commission in electronic form, or processed electronically, in compliance with R.S.39:10-1 et seq., the federal Truth in Mileage Act of 1986, Pub.L.99-579 (49 U.S.C. s.32705), and the regulations promulgated pursuant to the federal Truth in Mileage Act of 1986, Pub.L.99-579 (49 U.S.C. s.32705).  For the purposes of this section, "private motor vehicle sale" means the sale of a motor vehicle by a person¹,¹ who is not a new motor vehicle dealer or used motor vehicle dealer¹,¹ to another person or persons.

     Notwithstanding the provisions of P.L.2017, c.308 (C.39:10-11.2 to 11.6) to the contrary, the system established by the commission pursuant to this section shall include the notification, recording, transfer, and release of security interests and title information by the lienholders of motor vehicles in lieu of a paper-based system used for those purposes.

(cf: P.L.2021, c.462, s.8)

 

     2.  This act shall take effect immediately.