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A5070
ASSEMBLY, No. 5070
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MAY 14, 2026
Sponsored by:
Assemblywoman� CAROL A. MURPHY
District 7 (Burlington)
SYNOPSIS
���� Requires MVC to administer electronic transaction
system used motor vehicle sales within certain time period; authorizes use of
same system for private motor vehicle sales.
CURRENT VERSION OF TEXT
���� As introduced.
��
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 from, 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 person who is not a new motor
vehicle dealer or used motor vehicle dealer 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.
STATEMENT
���� 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.