Tuesday, October 27, 2009

Texas: Title Paper Stolen

We received an alert from Texas DOT yesterday about blank Certified Copy of Original title certificates and 72-Hour temporary registration permits stolen from one of their regional offices. This is blank paper - it does not constitute an identity theft. However, blank title paper is very valuable to someone attempting to get a loan fraudulently.

This is a serious situation, and DDI encourages anyone to contact their local law enforcement or one of the contacts listed on the alert. "The stolen Texas Certified Copy of Original titles listed above may not be used as proof of ownership, are fraudulent if presented for any purpose and constitute possession of stolen property."

We need to continue to encourage lenders to participate in Electronic Liens and Titles (ELT) and states to offer ELT and eTitle services to vehicle owners. ELT programs (and our application in particular) add significant fraud prevention measures that benefit everyone.