Easy Transition to ELT in Georgia with DDI's Help

It can take time to implement new programs in the workplace, but Decision Dynamics, Inc. (DDI) makes its customers' transitions to Premier eTitlelien™ simple and easy.

As the New Year began, DDI once again smoothly transitioned customers to its electronic lien and title program (ELT) in Georgia, Florida, and California in accordance with their new state laws.

Even more Georgia lenders will discover the benefits of electronic lien and title programs by July 1 of this year. At that time, lenders with 200 or more security interests or liens must have an ELT program in place according to Georgia law. By January 1, 2014, lenders with five or more security interests will also need to be enrolled in an ELT program.

To learn more about what DDI, ELT, and its Premier eTitlelien™ program can do for your business, go to etitlelien.com.

DDI and ELT in 2012: Year in Review

 

2012 was full of positive growth and change for ELT states and Decision Dynamics, Inc.

With DDI’s support, California, Florida, and Georgia, spent the year preparing for mandatory ELT. (In 2013, these states will require lienholders, with the exception of smaller Georgia lienholders, to participate in an ELT program.)

Wisconsin began expanding its ELT programs in July, and in October, South Dakota implemented its own ELT system. As an approved ELT provider for South Dakota, DDI worked closely with the state’s Department of Revenue as they developed their system.

In September, DDI’s 2,000^th customer signed up for ELT services, and the following month the Georgia Banker’s Association renewed its partnership with the company.

What will 2013 bring for ELT? Check back before the New Year to learn more.

California, Florida, and Georgia mandatory ELT deadline Jan. 1

 

Lenders in California, Florida, and Georgia have approximately three more weeks to enroll in an electronic lien and title program to meet the Jan. 1, 2013 mandatory ELT deadline. DDI has been working closely with lenders in these states and across the country to ensure all are prepared for these deadlines.  To learn more about each state’s program, visit the websites listed below.

 

California: http://www.dmv.ca.gov/vr/eltp.htm

Florida: http://www.flhsmv.gov/dmv/elt.html

Georgia: http://motor.etax.dor.ga.gov/motor/Elien.aspx

Georgia mandatory ELT: a closer look

In the 2012 legislative year, the Georgia General Assembly approved HB 865, a bill that requires banks, credit unions, dealers and other financial institutions—security interest and lien holders—receive notice about motor vehicle liens electronically.

Please note that deadlines for mandatory enrollment in an electronic title and lien program, such as Decision Dynamics' Premier eTitle Lien™, vary depending on the number of security interests or liens lenders hold.

Mandatory ELT deadlines

 

·         Lenders with 500 or more security interests or liens on Georgia certificates in the 2012 calendar year must participate in ELT by
January 1, 2013.

·         Lenders with 200 or more security interests or liens in the same calendar year must participate by July 1, 2013.

·         Lenders with five or more security interests or liens on Georgia certificates of title in the immediately prior calendar year or the same calendar year participate by January 1, 2014.

 

While electronic title and lien systems may be new to some security interest and lien holders, the GeorgiaDepartment of Revenue Motor Vehicle Division implemented an electronic liens and titles program in 2008. The program saves taxpayers and lien holders money by cutting associated paper, storage and mailing costs. It also reduces title fraud.

For more information, visit etitlelien.com

Happy Thanksgiving!

 

South Dakota ELT Webinar

 

In order to provide the highest quality service, Decision Dynamics, Inc. (DDI) takes time to thoroughly educate and inform customers about its electronic lien and title (ELT) software, Premier eTitle Lien™. To educate its South Dakotra customers, DDI will conduct a Premier eTitle Lien™ webinar for the South Dakota Independent Bankers Association (SDIBA) today.

During this WebEx webinar, bankers will see Premier eTitle Lien™ in action and learn more about ways in which ELT use can benefit them. Although ELT use is not mandatory in South Dakota, the state implemented its own ELT system on Oct. 1 this year and stopped printing paper titles with liens.

To learn more about the benefits of Premier eTitle Lien™ and DDI, visit etitlelien.com.

 

Image above is of Mt Rushmore

Florida approves mandatory use of Electronic Lien and Title (ELT)

The Florida Legislature unanimously approved HB 1223, a bill that requires the Florida Department of Highway Safety and Motor Vehicles electronically transmit vehicle liens and titles to lien holders through its ELT program beginning in 2013.

The money-saving measure will continue to streamline and simplify the state’s electronic titling process. Not only will the bill save taxpayer money by cutting associated paper, storage and mailing costs, but the mandatory shift to electronic titles will also reduce title fraud.

Individuals and lien holders that do not finance vehicles are exempt from participation. However, the bill requires all other lien holders participate by submitting liens and lien satisfactions in the prescribed electronic format. Likewise, the DHSMV will electronically send liens to the first lien holders and notify the holders of additional liens on motor vehicles, mobile homes or vessels.

DDI is already working with Florida banks, credit unions, and other financial institutions to ensure they are ready when the mandatory program begins. 

image is of the Florida State Flag