Wednesday, August 7, 2013

Alabama Requiring ETAPS

In a March 4, 2013 Memo, the Alabama Department of Revenue directed that all "entities (i.e. pawnshops, title loan/pawn lenders, etc.) involved with the filing of liens on motor vehicle certificates of titles, with places of business in Alabama" are required to file liens electronically using the Electronic Title Application Processing System (ETAPS).

It is DDI's understanding that this requirement does not apply to traditional lenders (banks and credit unions) located outside of Alabama.  All entities that qualify to be a Designated Agent are required to participate.

Image above is from Signs by Andrea in Hoover, AL.