In New Jersey you would be subject to a ticket and fine for towing like that. Our law states, and I quote: "If the GVWR (including load) is more than 3,000 lbs. or 40% of the towing vehicle's gross weight, the trailer must be equipped with brakes."
http://www.dmv-department-of-motor-v...r_vehicles.htm
(It's nice to have a wife that works for the DMV.. She knows where to find all the laws)
Since a V20 and trailer is over 3000 lbs, you're required to have brakes on your trailer.
Additionally, if you are in an accident, and your trailer doesn't have brakes and is required to have them, you leave yourself open to bigger lawsuits if the accident is deemed to have been caused by you, due to negligence on your part. If the accident isn't caused by you you still are open to a charge of contributory negligence due to the fact that you didn't have the required safety equipment.
To me, it's cheap money to have your trailer equiped with brakes.
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
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