Eliminates fee for re-issuance of motor vehicle title following loan payoff in New Jersey.
New Jersey S2588 eliminates the fee for re-issuing a motor vehicle title when a lien is removed after the loan is paid off. This applies to individuals who have financed a vehicle and have satisfied the lien. The New Jersey Motor Vehicle Commission will no longer charge a fee for this re-issuance. The act takes effect immediately.
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