Eliminates fee for re-issuance of motor vehicle title following loan payoff.

This bill (A3531) eliminates a fee charged by New Jersey's Motor Vehicle Commission when a car buyer pays off their loan and needs a new title without the lienholder noted. It directly affects residents who have satisfied financing for a motor vehicle, removing a $10 fee for re-issuing the title after loan payoff. The key provision requires the Commission to issue the lien-free title without charge upon proof of final payment. The law takes effect immediately upon enactment.