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

S 1724 requires used car dealers to pay the full remaining loan balance on a trade-in vehicle to the lender within 15 days of taking possession and provide proof of payment to the consumer. Dealers who fail to comply face fines up to $2,000 per violation, plus any late fees from the lender. The bill updates title release procedures to ensure loan settlements are completed promptly, directly affecting dealers, consumers trading vehicles, and lenders. This prevents delays in title transfers that could leave consumers unable to legally drive or sell their vehicles.