Requires MVC to administer electronic transaction system for used motor vehicle sales within certain time period; authorizes use of same system for private motor vehicle sales.

This bill directs the New Jersey Motor Vehicle Commission to create an electronic system for processing used car sales documents within 24 months of a specific prior law taking effect. The legislation also allows the commission to extend this same digital platform to private individuals selling vehicles to one another, rather than just dealerships. A key provision requires the system to handle security interests and title transfers electronically, replacing the previous paper-based method for these tasks. Ultimately, the law mandates that these changes be implemented through official rules adopted by the commission.