The Motor Vehicle Transaction Modernization Act (A5033), which would allow a consumer and licensed motor vehicle dealer to acknowledge all transaction documents by electronic signature, as a valid and acceptable alternative to a traditional ink (“wet”) signature, was passed by the Legislature on June 21, 2021, but has not yet been signed by Governor Phil Murphy. NJ CAR continues to monitor this bill and will announce to all members when the bill becomes law.
Until the bill is formally signed and becomes law, wet signatures are still required on powers of attorney and other motor vehicle documents. Electronic signatures are currently not accepted by the Motor Vehicle Commission (NJMVC).
The Bill, once signed into law, will require the NJMVC to accept electronically signed transaction documents and will prohibit the requirement of a notarized signature of any transaction documents completed by a licensed motor vehicle dealer. The Bill will also require the Commission to permit the use of digital signature technology for the signing of documents and other appropriate purposes and to allow documents to be submitted in electronic form.
NJ CAR will update dealer members when the Bill has been signed by Governor Murphy and becomes law.