The state of Colorado has provided updated information regarding their upcoming ELT program. According to the Colorado Department of Revenue Division of Motor Vehicles, the state will officially launch their ELT program on May 1, 2015.
There are a few steps to follow when transitioning into Colorado’s ELT program. First, the lienholder or lender will be required to enter into an agreement with one of CO’s approved Service Providers. The option to apply for an “E” number will then become available. Once a lien is notated, the certificate of title record will be stored electronically in the CO ELT system. A participating lienholder or lender will be notified electronically through their Service Provider. With the ELT program, an electronic notification to the lienholder serves the same purpose as receiving a paper title in the mail.
DDI is looking forward to providing ELT services in Colorado through our Premier eTitleLien® application. ELT programs greatly enhance daily vehicle processing for lienholders by saving time, cutting costs, reducing paper, enhancing security and deterring fraud.
Please visit www.etitlelien.com for more information about Premier eTitleLien®.