Showing posts with label Massachusetts. Show all posts
Showing posts with label Massachusetts. Show all posts

Wednesday, February 1, 2012

States Planning to Compel Participation in ELT

A series of questions in which our writer attempts to answer simple-sounding questions without saying things like "Well, yes, they do have ELT but..." Let the reader understand that these are simplified answers. ;)

See the other posts in this short series: Electronic Title States, Upcoming Electronic Title States, States Compelling Participation in ELT, and States Planning to Compel Participation in ELT (this post).

Which states have said they intend to compel participation?

Florida has indicated to us in person as well as through legislation that their long-term plan has been to require participation. See a further explanation on States Compelling Participation in ELT post.

Although the MA RMV has indicated to us that they do not have plans to make their ELT program mandatory, the Massachusetts legislature has (at least twice) introduced legislation requiring participation.

South Carolina has had legislation introduced twice to allow the DMV to require participation. The South Carolina DMV has indicated that it intends to make the program mandatory only after developing a plan with industry stakeholders.

In our discussions with South Dakota about their new (2012) ELT program, they mentioned that their plans are to make the SD ELT program mandatory from the beginning using a no-printed-titles-with-liens policy.

Texas passed legislation in 2011 that allows the DMV to make the program mandatory. They have indicated to us in person that they intend to gather feedback from industry partners before implementing any requirements.

If you are a lender and would like a greater explanation of these differences, please contact DDI. If you are a state or would like more technical details, you may also visit our AllAboutTitles.com site.

Image above is from Kazoobie Kazoos.

Sunday, January 29, 2012

Electronic Title States

A series of questions in which our writer attempts to answer simple-sounding questions without saying things like "Well, yes, they do have ELT but..." Let the reader understand that these are simplified answers. ;)

See the other posts in this short series: Electronic Title States (this post), Upcoming Electronic Title States, States Compelling Participation in ELT, and States Planning to Compel Participation in ELT.

Which states currently have an Electronic Lien and Title (ELT) program?

Please note the following:

  • The Kansas Electronic Lien and Title program does not currently accommodate direct interaction with service providers like DDI.
  • In New York, the program is known as the Electronic Lien Transfer (ELT) Program, since there is no electronic title. Even with liens, owners retain titles in New York state.
  • The Utah E-Liens (Electronic Lien Transfers) program does not currently accommodate direct interaction with service providers like DDI.
  • The Wisconsin program does not currently meet our definition for a full ELT program, since as in New York, owners retain the paper title and the state does not electronically notify lenders when the lien has been recorded. However, they do require lenders to participate in their lien recording program, e-MV Agent. Wisconsin DOT expects to change to a full ELT program in the Summer of 2012. ("On July 1, 2012, Wisconsin will become an electronic title state.")

If you are a lender and would like a greater explanation of these differences, please contact DDI. If you are a state or would like more technical details, you may also visit our AllAboutTitles.com site.