Thursday, January 28, 2010

Nebraska: Electronic Liens and Titles Coming by 2011

Nebraska is getting an ELT program! This is great news for both Nebraska lenders and vehicle owners.

Last year, the Nebraska legislature passed a bill requiring the DMV to implement an Electronic Liens and Titles (ELT) program by January 1, 2011 which they are on track to do. Current plans include having a public inquiry service (which we usually refer to as a title inquiry), a very valuable feature.

The Nebraska DMV invited us to come meet with them and several lender and dealer representatives to discuss how an ELT solution provider like DDI works with lenders and a state electronic lien and title (ELT) program. Our company president, Glenn Thames, encouraged lenders to stay involved in the shaping of the program and to request that the state provide features (like a title inquiry) that are beneficial to lienholders in managing their titles.

We're looking forward to working with Nebraska lenders as the ELT program in Nebraska kicks off.

Image: Toy Car from the Nebraska State Historical Society