SENATE TRANSPORTATION COMMITTEE

STATEMENT TO

SENATE, No. 4246

STATE OF NEW JERSEY

DATED:  DECEMBER 6, 2021

      The Senate Transportation Committee reports favorably Senate Bill No. 4246.

      As reported, this bill requires any person who possesses a used motor vehicle dealer license at the time of enactment of the bill to maintain an established place of business consisting of a minimum office space of 72 square feet within a permanent, enclosed building located in the State of New Jersey, in addition to complying with all other applicable regulations proscribed by the Chief Administrator of the New Jersey Motor Vehicle Commission (chief administrator). 

      Under the bill, each applicant for a used motor vehicle dealer license, or any licensee who relocates its place of business on or after the effective date of the bill, is to meet the requirements for an established place of business for a used motor vehicle dealer, which is to be established by the chief administrator by regulation.