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

This bill eliminates a fee charged by New Jersey's Motor Vehicle Commission when a car owner pays off a loan. It directly affects drivers who have satisfied financing on a vehicle, requiring the Commission to reissue a title without a lien notation at no cost. The key provision prohibits the Commission from charging any fee for this title update after final loan payment. The change applies immediately upon enactment and removes a specific administrative cost for vehicle owners.