New Jersey A3342 requires the Motor Vehicle Commission to establish an electronic system for salvage processors to apply for salvage certificates of.
New Jersey A3342 mandates the Motor Vehicle Commission to create a system enabling salvage processors to electronically submit applications for salvage certificates of title and certificates of ownership. The bill also allows salvage processors to print these certificates at their facilities. It requires insurers to notify owners and lienholders of total loss claims and mandates processors to inform owners and lienholders if a vehicle is not claimed within 60 days, deeming it abandoned. The chief administrator can deny applications if required proofs are not provided.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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