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

This bill eliminates a fee charged by the New Jersey Motor Vehicle Commission (MVC) when a car owner pays off a loan with a lien on their vehicle title. It directly affects New Jersey residents who have satisfied a car loan, as the MVC can no longer charge them to reissue the title without the lien noted. The key provision requires the MVC to automatically reissue the title free of charge after final loan payment, removing a specific cost for this routine transaction.