Regulates pay-off of trade-in vehicles and certain vehicle title releases.

This bill requires car dealers to pay off the remaining loan balance on a trade-in vehicle within 15 days of taking possession, directly paying the lender (secured party) instead of expecting the trade-in owner to handle it. Dealers must also provide proof of payment to the person who traded in the vehicle upon request. Violations carry fines up to $1,000 for the first offense and $2,000 for repeat offenses. The law primarily affects dealers and vehicle owners trading in cars with outstanding loans, ensuring lenders are paid promptly and reducing potential delays or confusion for buyers.