N.J. Admin. Code § 13:21-3.2

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:21-3.2 - Scope

(a) The rules contained in this subchapter are designed to allow the Chief Administrator to establish an Electronic Lien and Titling Program pursuant to the Chief Administrators authority granted by 39:10-1 et seq., and 39:2-3.8. The rules set forth in this subchapter establish the form and use of electronic titles, including, but not limited to, the manner of notation of the creation, satisfaction, and transfer of security interests, in addition to the requirements for participation in the Electronic Lien and Titling Program by any service provider and/or participating lien holder, as approved by the Chief Administrator pursuant to this subchapter.

(b) Nothing in this subchapter shall apply to security interests in motor vehicles that constitute inventory held for sale, but such interests shall be subject to chapter 9 of Title 12A of the New Jersey Statutes.

Adopted by 46 N.J.R. 1904(a), effective 9/2/2014.