Sponsored by:
Senator LINDA R. GREENSTEIN
District 14 (Mercer and Middlesex)
SYNOPSIS
Directs Motor Vehicle Commission to develop and adopt an electronic lien and titling system for the State.
CURRENT VERSION OF TEXT
As introduced.
An Act directing the New Jersey Motor Vehicle Commission to develop and implement an Electronic Lien and Titling system.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. The Chief Administrator of the New Jersey Motor Vehicle Commission, after consultation with interested licensed motor vehicle dealers, lien holders, and other affected parties in this State, shall develop, adopt, and implement an Electronic Lien and Titling system to replace the State’s current paper based system.
In developing the system, the chief administrator shall consult with representatives of the American Association of Motor Vehicle Administrators and those states which have adopted electronic lien and titling systems, particularly the states of Kansas, Wisconsin, and Florida, to assess the effectiveness and cost effectiveness of such an electronic system and the transitional and administrative difficulties those states encountered in moving to a paperless electronic system.
2. The chief administrator shall report progress on the development of the electronic lien and titling system for the State no later than eight months following the effective date of this act to the Governor and the Legislature pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1). The report shall include an outline and timeline for the commission’s implementation of the system, the projected cost of implementation, and any recommendations for legislation to facilitate that implementation that the commission may have.
3. This act shall take effect immediately.
STATEMENT
This bill directs the New Jersey Motor Vehicle Commission to develop, adopt, and implement an electronic lien and titling system to replace the State’s current paper based system.
Under the bill, the chief administrator is to consult with interested licensed motor vehicle dealers, lien holders, and other affected parties in this State and with representatives of the American Association of Motor Vehicle Administrators and those states which have adopted electronic lien and titling systems, particularly the states of Kansas, Wisconsin, and Florida, to assess the effectiveness and cost effectiveness of such an electronic system and the transitional and administrative difficulties those states encountered in moving to a paperless system.
The bill specifies that the chief administrator is to report progress on the development of the electronic lien and titling system within eight months to the Governor and the Legislature. The report is to provide an outline and timeline for the commission’s implementation of the system, the projected cost of implementation, and any recommendations for legislation to facilitate the implementation of the system.