A trailer hitch assembly includes a support bracket having an upper support bushing and a lower support bushing separated from the upper support bushing. A hitch pin slideably engages the upper and lower support bushings. The hitch pin includes a ring shaped actuating collar disposed between the upper and lower support bushings. A release lever pivotally connects to a mounting pin and slideably engages the actuating collar between the upper and lower support bushings. An actuating arm is fixedly attached to the release lever for concurrent rotation therewith about the mounting pin. The release lever may be selectively pivoted around the mounting pin by apply an actuating force to the actuating arm to move the hitch pin between a latched position and an unlatched position. A latch plate attached to the support bracket includes an aperture for receiving the hitch pin when positioned in the latched position.