Posted On:
March 25, 2008
Branded Titles: Lemon and Salvage Titles
New Jersey places the responsibility upon titled owners to brand titles under certain circumstances to put a subsequent purchaser on notice as to some defective condition. As an example the New Jersey Lemon Law requires buy backs to be branded by the manufacturer. New Jersey Law also requires cars that have been totaled by insurance companies to have a branded title if the cost to repair is greater than the actual cash value of the car.
The purpose of these laws is to make sure all purchasers of these car are aware of the history of the cars.
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