39 :10-11.5 Participation.

39 :10-11.5  Participation.

   4.   Within one year of the date upon which an electronic lien and titling system established pursuant to this act becomes operational, all lienholders, except individuals and those lienholders who are not normally engaged in the business of financing motor vehicles and are administratively exempted by the chief administrator, shall participate in the electronic lien and titling system.

   L.2017, c.308, s.4.