Allows termination of motor vehicle lease in event of death; prohibits imposition of fee for early termination.

This bill (S 2372) requires New Jersey motor vehicle dealers and lessors to terminate a lease early if the lessee dies, provided the vehicle was leased and registered in New Jersey. It prohibits charging a fee for this termination (though reasonable fees for excessive wear/mileage specified in the lease may still apply). The bill also prevents requiring surviving family members, spouses, or estate representatives to buy the vehicle, continue the lease, or pay remaining terms. Dealers must include written disclosure about this termination right in lease agreements, with a $500 penalty for non-compliance.