Reducing the certificate of title fee to $50 for a trailer with gross vehicle weight of 3,000 pounds or less if the trailer is transferred to a spouse, child, grandchild, parent, sibling, grandparent, father-in-law, mother-in-law, son-in-law, daughter-in-law of the transferor, or a niece or nephew of the transferor if the transferor is at least 65 years of age at the time of the transfer; and prohibiting the involvement of money or other valuable considerations in the transfer.