This bill amends R.S.39:10-19 to establish new requirements for used motor vehicle dealers operating within multi-dealer locations. Specifically, it mandates that these dealers maintain a minimum of four business hours per week, from Monday to Saturday, between 9:00 a.m. and 5:00 p.m. During these hours, either the licensee or an authorized signatory must be present at the business location. Additionally, a multi-dealer representative is required to be physically present at the established place of business from Monday to Friday during the same hours, and this representative does not need to be an authorized signatory of any specific motor vehicle dealer.

The bill also defines a "multi-dealer location" as a single structure containing multiple office spaces where different businesses operate used motor vehicle dealerships, provided that the structure complies with the regulations set by the New Jersey Motor Vehicle Commission. This legislative change aims to enhance accountability and accessibility for consumers by ensuring that licensed dealers are available during specified hours.