Wednesday, December 28, 2016

Reminder: Nevada ELT is now Mandatory.

As of October 1st, 2016; participation in Nevada’s ELT Program is now required for any lenders who finance more than 27 vehicles annually. This means that if you need to place a lien on a Nevada title you must sign-up with a 3rd-party vendor that interfaces with NV ELT.

Nevada’s Electronic Lien and Title Program officially launched in September 2015 and was divided into 3 phases.

  • Phase 1: In the first year, lenders are not required by the state to enroll in the ELT Program. Participation is optional and “Paper Titles Only” as a method of business is still available.
  • Phase 2: In year 2, participation is now required for any lender that finances over 27 vehicles in 12 months. This is the current phase.
  • Phase 3: Projected for implementation in the fall of 2017; participation in Nevada ELT will be Mandatory for all lenders.

DDI is fully integrated with Nevada’s ELT Program through our flagship, web-based application Premier eTitleLien®. Our software expands upon Nevada's ELT Program by offering additional functionality and security when dealing in electronic titles. From providing multiple state forms and extensive user administration, to a knowledgeable and efficient support team; we can streamline your workflow and help your business effectively manage your electronic titles. For more information you can visit our product website here. If you would like to begin the enrollment process for Mandatory Nevada ELT you can click here.