Wednesday, October 2, 2013

Arizona: ELT Program Distinctives

There are a number of features of the Arizona Electronic Lien and Title (ELT) program that help make the program effective for lenders and their customers (vehicle owners):
  • All titles with liens are electronic titles.  This helps prevent incorrectly receiving paper titles - a problem that can occur in states that offer both ELTs and paper titles with liens.
  • Immediate lien release. Lenders have the option of sending a transaction outside of the daily process to promptly remove their lien and allow the vehicle owner to pick up a clear title (no lien) from an MVD office. Owners do not have to wait the normal 3-5 business days for the title to arrive in the mail.
  • Repossession process does not require a paper title.  Often, states require that an ELT be printed for any change to a title, including applying for a repossession title.  Arizona does not require that an ELT be printed to accompany an Affidavit of Repossession.

The Arizona Electronic Lien and Title program has been in place since 2003.  The Arizona MVD began requiring participation on May 31, 2010, and DDI has been providing ELT services in Arizona since then.