The Georgia Bankers Association (GBA) published their May 11, 2012 edition of the GBA E-Bulletin today. In it, they notified newsletter readers of the newly passed and signed legislation mandating participation in Georgia's ELT program.
Legislation for mandatory Electronic Lien and Titling (ELT) in Georgia was signed by Gov. Nathan Deal earlier this month. Wording in the bill requires participation in the GA ELT program as of Jan. 1, 2013. No exceptions to the requirement are listed.
GBA is pleased to announce the renewal of GBA's endorsement of DDI as a GBA Strategic Partner and as GBA's preferred provider of ELT. If your bank makes any auto loans, you'll want to give Decision Dynamics, Inc. (DDI), a call.
DDI can help make compliance with the new law easy for your bank. DDI's Premier eTitleLien™ product allows banks to start electronic vehicle titling with the Georgia Department of Revenue with no upfront costs, support fees, software to install or monthly minimums. For more information about how Premier eTitleLien™ works, please contact Ann Gunning at 803.808.0117.
Image above is an unissued 1850s bank note from The Bank of Athens, Georgia.