Regulates pay-off of trade-in vehicles and certain vehicle title releases.

This bill requires motor vehicle dealers to pay the full remaining loan balance on a customer's trade-in vehicle within 15 days of taking possession. Dealers must provide proof of payment to the customer upon request. Violations carry penalties of up to $1,000 for the first offense and $2,000 for subsequent offenses, plus any late fees incurred by the customer. The bill directly affects car buyers trading in vehicles with outstanding loans and dealers handling such transactions.