Requires certain disclosures under motor vehicle lease.

This bill requires motor vehicle lease agreements in New Jersey to include specific, clear disclosures to protect lessees. It mandates that leases must detail all fees, payment schedules, mileage limits, purchase options (including price or calculation method), total costs, vehicle condition (like odometer reading and prior use), and other key terms in 14-point bold text. Dealers must also provide a one-page summary of critical terms like down payments, monthly payments, and mileage limits. The bill directly affects all lessees (people leasing vehicles) and dealers by standardizing lease transparency and reducing hidden costs or confusing terms.