Requires motor vehicle dealers provide loan application to consumers.

This bill requires motor vehicle dealers in New Jersey to provide consumers with a copy of any loan application prepared for a vehicle sale at the time of transaction. It directly affects dealers who sell vehicles and consumers who apply for financing during purchases. The key provision clarifies that dealers must disclose loan applications - previously not explicitly required by law - to prevent potential submission of inaccurate financial information that could help consumers qualify for loans they otherwise wouldn't. If passed, violations would be considered unlawful under the Consumer Fraud Act, subject to fines up to $20,000 per offense.