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

This bill requires car dealers to pay off any remaining loan balance on a trade-in vehicle within 15 days of taking possession, and to provide proof of payment to the seller upon request. It directly affects dealers and buyers during trade-in transactions, ensuring dealers settle outstanding loans instead of leaving buyers responsible. Violations carry fines up to $2,000 per offense, and the bill amends existing title transfer rules to require faster processing of loan satisfaction documentation. The law aims to clarify dealer obligations in trade-in agreements without changing broader vehicle title procedures.