Establishes electronic lien and titling system for New Jersey motor vehicles.

This bill requires New Jersey's Motor Vehicle Commission (MVC) to study within 60 days whether it can implement an electronic system for processing vehicle liens and titles, replacing the current paper-based system. If the MVC lacks resources, it must contract with a qualified vendor under specific terms: a 7-year agreement, no cost to the state (with the vendor reimbursing implementation costs), and fees for lienholders. Within one year of the system launching, most lienholders (including banks and lenders) must use the electronic system, with exemptions for individuals and non-business lienholders. The bill focuses on transitioning to digital records while ensuring the state incurs no costs for implementation.