New Jersey A1140 allows early termination of motor vehicle leases upon lessee's death and prohibits fees for such terminations.
New Jersey A1140 allows a motor vehicle lease to be terminated early if the lessee dies, provided the vehicle was leased and registered in the state. The bill requires a death certificate or proof of death to be submitted within 60 days to the dealer or lessor. It prohibits dealers or lessors from imposing fees for early termination due to death, except for reasonable fees for excess wear or mileage if specified in the lease agreement.
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