SENATE TRANSPORTATION COMMITTEE

STATEMENT TO

SENATE, No. 3993

with committee amendments

STATE OF NEW JERSEY

DATED:  JANUARY 30, 2025

      The Senate Transportation Committee reports favorably and with committee amendments Senate Bill No. 3993.

      As amended and reported, this bill removes the requirement under current law that non-physical, electronic records of online sales of motor vehicles be kept and maintained in a format that allows for immediate inspection and examination.  Under the bill, a person who is licensed to buy, sell, lease, or deal in motor vehicles is required to keep non-physical, electronic records of online sales of motor vehicles in a format that allows for inspection and examination by the Chief Administrator (chief administrator) of the New Jersey Motor Vehicle Commission, or the chief administrator’s agent. 

     In addition, the bill requires the chief administrator, or a designee, to provide one business day advanced written notice to an individual or entity engaged in the business of buying, selling, or dealing in motor vehicles; a licensed motor vehicle dealer; or a licensed leasing dealer prior to entering the building of an individual or entity engaged in the businesses listed above for the purpose of examining books and records. 

COMMITTEE AMENDMENTS:

      The committee amended the bill to require the Chief Administrator of the New Jersey Motor Vehicle Commission, or a designee, to provide one business day, instead of 72 hours, advanced written notice to an individual or entity engaged in the businesses listed under this bill, before entering the building of the individual or entity for the purpose of examining books and records.