Monday, April 18, 2011

Texas Considering Mandatory ELT

Legislation has been introduced into the Texas Legislature that would allow the DMV to mandate participation in the Texas ELT (Electronic Liens and Titles) program. It unanimously passed committee and its next step is a vote by the Texas House of Representatives. From the Committee Report:
The Texas Department of Motor Vehicles (TxDMV) has developed an electronic system for perfecting, assigning, discharging, and canceling security interests in motor vehicle titles. Participation by a lienholder in the system is voluntary. Interested parties report that the electronic lien system is running well and uses a competitive mix of vendors that lienholders use as electronic intermediaries with the system. However, it is also noted that only a fraction of the total transactions that could be performed each year are executed through the system. C.S.H.B. 2575 seeks to reduce costs and improve the titling process by authorizing TxDMV to require participation by a lienholder in the electronic lien system.
Texas implemented their ELT program in 2009.

Image above promotes electronic books offered by the Texas Ranger Research Center.